Short-term stake in Natural Gas Services Group, Inc. (NYSE:NGS) declines 22.1%

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Natural Gas Services Group, Inc. (NYSE:NGS – Get Rating) saw a significant drop in short-term interest in August. As of August 15, there was short interest totaling 30,300 shares, down 22.1% from the July 31 total of 38,900 shares. About 0.3% of the stock’s shares are sold short. Based on an average trading volume of 45,800 shares, the short-term interest rate ratio is currently 0.7 days.

Natural Gas Services Group grows 0.8%

NYSE:NGS shares were up $0.09 during Friday’s trading, hitting $11.74. The company had a trading volume of 39,030 shares, compared to an average volume of 39,382. The company has a fifty-day moving average of $10.58 and a two-hundred-day moving average of $11.86. The stock has a market capitalization of $144.77 million, a P/E ratio of -23.02 and a beta of 1.52. Natural Gas Services Group has a 12 month minimum of $9.11 and a 12 month maximum of $15.00.

A Wall Street analyst gives his opinion

Separately, StockNews.com moved shares of Natural Gas Services Group from a “hold” rating to a “buy” rating in a Tuesday, August 23 report.

Insider Activity at Natural Gas Services Group

In related news, CEO Stephen Charles Taylor sold 3,918 shares of the company in a trade that took place on Tuesday, June 7. The shares were sold at an average price of $15.00, for a total transaction of $58,770.00. Following the sale, the CEO now owns 511,259 shares of the company, valued at approximately $7,668,885. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. In related news, Vice Chairman James R. Hazlett sold 2,405 shares of the company in a trade that took place on Tuesday, May 31. The shares were sold at an average price of $14.01, for a total transaction of $33,694.05. Following the sale, the vice president now owns 73,018 shares of the company, valued at approximately $1,022,982.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, CEO Stephen Charles Taylor sold 3,918 shares of the company in a trade that took place on Tuesday, June 7. The stock was sold at an average price of $15.00, for a total transaction of $58,770.00. Following the sale, the CEO now directly owns 511,259 shares of the company, valued at approximately $7,668,885. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 7,295 shares of the company valued at $107,044. Company insiders hold 6.54% of the company’s shares.

Hedge funds weigh on Natural Gas Services Group

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Institutional investors have recently changed their positions in the stock. Renaissance Technologies LLC increased its equity stake in Natural Gas Services Group by 2.4% in the second quarter. Renaissance Technologies LLC now owns 524,442 shares of the oil and gas company worth $5,769,000 after purchasing an additional 12,081 shares in the last quarter. Millennium Management LLC purchased a new stock position in Natural Gas Services Group during Q2 for $267,000. Acadian Asset Management LLC purchased a new stock position in Natural Gas Services Group during Q1 for $40,000. White Pine Capital LLC bought a new stock position in Natural Gas Services Group during Q2 worth $889,000. Finally, O Shaughnessy Asset Management LLC increased its equity stake in Natural Gas Services Group by 124.5% during the second quarter. O Shaughnessy Asset Management LLC now owns 35,758 shares of the oil and gas company valued at $393,000 after buying 19,827 additional shares in the last quarter. Institutional investors hold 85.69% of the company’s shares.

About the Natural Gas Services Group

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Natural Gas Services Group, Inc provides natural gas compression services and equipment to the energy industry in the United States. It manufactures, manufactures, leases and sells natural gas compressors and related equipment. The Company is primarily engaged in the rental of compressor units that provide small, medium and large horsepower applications for unconventional oil and natural gas production.

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