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

NCS Multistage Holdings, Inc. (NASDAQ:NCSMGet Free Report) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 2,700 shares, a drop of 22.9% from the January 31st total of 3,500 shares. Based on an average trading volume of 4,200 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Trading of NCS Multistage

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of NCS Multistage by 37.9% in the 1st quarter. BlackRock Inc. now owns 6,982 shares of the company’s stock worth $165,000 after purchasing an additional 1,918 shares during the period. Dimensional Fund Advisors LP acquired a new stake in NCS Multistage during the 4th quarter valued at approximately $195,000. Renaissance Technologies LLC acquired a new stake in NCS Multistage during the 4th quarter valued at approximately $201,000. Vanguard Group Inc. grew its position in shares of NCS Multistage by 14.1% in the 4th quarter. Vanguard Group Inc. now owns 12,392 shares of the company’s stock worth $211,000 after acquiring an additional 1,528 shares in the last quarter. Finally, Geode Capital Management LLC acquired a new position in shares of NCS Multistage in the 4th quarter worth approximately $225,000. 71.89% of the stock is owned by institutional investors and hedge funds.

NCS Multistage Price Performance

Shares of NCSM traded down $0.46 during trading hours on Monday, reaching $15.49. 2,459 shares of the company traded hands, compared to its average volume of 2,420. The company has a quick ratio of 2.42, a current ratio of 4.54 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $37.80 million, a PE ratio of -0.89 and a beta of 1.42. NCS Multistage has a fifty-two week low of $12.02 and a fifty-two week high of $25.66. The stock has a fifty day simple moving average of $15.94 and a 200 day simple moving average of $15.45.

About NCS Multistage

(Get Free Report)

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States, Canada, and internationally. It offers fracturing systems, which include casing-installed sliding sleeves, downhole frac isolation assemblies, and sand jet perforating products; enhanced recovery products, such as sliding sleeve, as well as Terrus system, an injection control device; repeat precision products comprising composite frac plugs and bridge plugs, RP single-use disposable setting tools, express systems, and related products; chemical and radioactive tracer diagnostics services; and well construction products, including AirLock casing buoyancy system, Vecturon and Vectraset liner hanger systems, and Toe initiation sleeves.

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