NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Short Interest Update

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 5,084 shares, a growth of 92.3% from the November 30th total of 2,644 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 18,049 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 18,049 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Insider Activity at NCS Multistage

In other news, Director Robert Nipper sold 1,000 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the sale, the director directly owned 33,455 shares in the company, valued at $1,338,200. This represents a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 10.00% of the company’s stock.

Institutional Trading of NCS Multistage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its position in shares of NCS Multistage by 9,535.4% during the third quarter. UBS Group AG now owns 23,703 shares of the company’s stock valued at $1,210,000 after buying an additional 23,457 shares during the last quarter. Inspire Advisors LLC bought a new position in NCS Multistage during the 2nd quarter valued at $430,000. NewEdge Advisors LLC boosted its holdings in 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 during the last quarter. Citadel Advisors LLC bought a new stake in shares of NCS Multistage in the 3rd quarter worth $299,000. Finally, GSA Capital Partners LLP bought a new stake in shares of NCS Multistage in the 3rd quarter worth $296,000. 70.91% of the stock is owned by institutional investors.

NCS Multistage Stock Down 0.2%

NASDAQ NCSM traded down $0.07 during mid-day trading on Monday, hitting $40.35. The company’s stock had a trading volume of 13,935 shares, compared to its average volume of 11,618. The firm has a market capitalization of $102.48 million, a price-to-earnings ratio of 8.89 and a beta of 0.51. The company’s 50 day simple moving average is $39.16 and its 200 day simple moving average is $37.94. The company has a current ratio of 4.39, a quick ratio of 2.65 and a debt-to-equity ratio of 0.04. NCS Multistage has a twelve month low of $23.89 and a twelve month high of $53.69.

NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.20. The firm had revenue of $46.54 million for the quarter, compared to analyst estimates of $46.10 million. NCS Multistage had a net margin of 6.89% and a return on equity of 12.10%.

Analyst Ratings Changes

A number of brokerages have commented on NCSM. Singular Research raised shares of NCS Multistage to a “strong-buy” rating in a research report on Tuesday, November 11th. Zacks Research lowered NCS Multistage from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of NCS Multistage in a report on Monday, December 22nd. Finally, Wall Street Zen lowered NCS Multistage from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.