NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Short Interest Down 49.5% in January

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 1,249 shares, a decrease of 49.5% from the January 15th total of 2,471 shares. Based on an average daily trading volume, of 4,766 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 4,766 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Singular Research raised shares of NCS Multistage to a “strong-buy” rating in a research note on Tuesday, November 11th. Weiss Ratings reissued a “hold (c)” rating on shares of NCS Multistage in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of NCS Multistage from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 24th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NCS Multistage presently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Empowered Funds LLC raised its position in NCS Multistage by 7.3% in the 1st quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock valued at $752,000 after buying an additional 1,455 shares during the last quarter. Inspire Advisors LLC bought a new position in shares of NCS Multistage during the 2nd quarter worth approximately $430,000. NewEdge Advisors LLC grew its stake in shares of NCS Multistage by 3,774.4% during the 2nd quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock worth $241,000 after acquiring an additional 7,964 shares in the last quarter. Bailard Inc. raised its holdings in shares of NCS Multistage by 26.1% in the third quarter. Bailard Inc. now owns 8,687 shares of the company’s stock valued at $444,000 after purchasing an additional 1,800 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of NCS Multistage by 342.6% in the third quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock worth $44,000 after purchasing an additional 668 shares in the last quarter. 70.91% of the stock is currently owned by institutional investors.

NCS Multistage Stock Up 1.6%

Shares of NCSM stock traded up $0.63 during trading hours on Friday, hitting $39.27. 439 shares of the company were exchanged, compared to its average volume of 7,452. NCS Multistage has a 52 week low of $23.89 and a 52 week high of $53.69. The company has a current ratio of 4.39, a quick ratio of 2.65 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $39.83 and a two-hundred day moving average of $39.89. The company has a market capitalization of $99.76 million, a PE ratio of 8.65 and a beta of 0.57.

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.