NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Short Interest Up 365.8% in April

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 18,098 shares, an increase of 365.8% from the April 15th total of 3,885 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 47,653 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NCSM shares. Zacks Research lowered shares of NCS Multistage from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Wall Street Zen downgraded NCS Multistage from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings cut NCS Multistage from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NCSM. Bank of New York Mellon Corp bought a new stake in shares of NCS Multistage during the first quarter valued at approximately $223,000. NewEdge Advisors LLC grew its stake in NCS Multistage by 46.5% in the fourth quarter. NewEdge Advisors LLC now owns 10,383 shares of the company’s stock worth $410,000 after purchasing an additional 3,296 shares during the period. Geode Capital Management LLC raised its holdings in NCS Multistage by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 10,153 shares of the company’s stock worth $401,000 after purchasing an additional 411 shares in the last quarter. Citadel Advisors LLC purchased a new position in NCS Multistage during the third quarter valued at $299,000. Finally, PNC Financial Services Group Inc. lifted its position in NCS Multistage by 342.6% during the third quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock valued at $44,000 after buying an additional 668 shares during the period. Institutional investors own 70.91% of the company’s stock.

NCS Multistage Trading Up 4.4%

NASDAQ NCSM traded up $1.83 during trading on Thursday, hitting $43.86. The company had a trading volume of 21,516 shares, compared to its average volume of 51,456. The company’s fifty day moving average is $62.65 and its 200-day moving average is $47.41. NCS Multistage has a one year low of $28.64 and a one year high of $87.36. The company has a current ratio of 5.35, a quick ratio of 3.48 and a debt-to-equity ratio of 0.03. The company has a market cap of $114.91 million, a price-to-earnings ratio of 6.35 and a beta of 0.25.

NCS Multistage (NASDAQ:NCSM) last announced its earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.47). NCS Multistage had a net margin of 10.78% and a return on equity of 6.58%. The company had revenue of $45.64 million for the quarter, compared to the consensus estimate of $51.22 million. On average, sell-side analysts predict that NCS Multistage will post 3.42 earnings per share for the current year.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc is an oilfield services company that designs, engineers and manufactures downhole completion systems for use in hydraulic fracturing operations across North America. Specializing in multi‐stage stimulation technologies, the company’s product portfolio includes composite frac plugs, open‐hole frac systems and mechanical isolation tools that enable producers to optimize well performance in unconventional reservoirs. Its tools are employed in plug-and-perf operations, horizontal completions and re-entry applications, providing zonal isolation and pressure integrity throughout the fracturing process.

In addition to its core frac plug offerings, NCS Multistage provides a range of complementary services including on-site rig support, tool installation supervision and pressure testing.