NCS Multistage Holdings Inc (NASDAQ:NCSM) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,229,651 shares, an increase of 32.8% from the January 12th total of 925,632 shares. Approximately 11.4% of the company’s stock are sold short. Based on an average daily volume of 164,265 shares, the days-to-cover ratio is currently 7.5 days.

NCSM has been the topic of several recent research reports. Zacks Investment Research upgraded NCS Multistage from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, November 1st. Royal Bank of Canada set a $30.00 price target on NCS Multistage and gave the stock a “buy” rating in a report on Sunday, November 12th. Wells Fargo & Co restated an “outperform” rating and set a $30.00 price target (down previously from $35.00) on shares of NCS Multistage in a report on Wednesday, November 15th. Credit Suisse Group cut their price target on NCS Multistage from $27.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Finally, UBS Group upgraded NCS Multistage from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $24.86.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCSM. Schwab Charles Investment Management Inc. purchased a new position in shares of NCS Multistage in the 2nd quarter valued at about $872,000. Bank of New York Mellon Corp purchased a new position in shares of NCS Multistage in the 2nd quarter valued at about $742,000. Wells Fargo & Company MN purchased a new position in shares of NCS Multistage in the 2nd quarter valued at about $483,000. Alliancebernstein L.P. purchased a new position in shares of NCS Multistage in the 2nd quarter valued at about $201,000. Finally, Teachers Advisors LLC purchased a new position in shares of NCS Multistage in the 2nd quarter valued at about $806,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

Shares of NCS Multistage (NASDAQ:NCSM) opened at $14.53 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.06. NCS Multistage has a 1-year low of $13.85 and a 1-year high of $29.07.

NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings data on Monday, November 13th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). NCS Multistage had a net margin of 2.42% and a return on equity of 2.22%. The business had revenue of $55.96 million during the quarter, compared to analysts’ expectations of $58.92 million. equities research analysts predict that NCS Multistage will post 0.13 earnings per share for the current year.

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NCS Multistage Company Profile

NCS Multistage Holdings, Inc is a provider of engineered products and support services for oil and natural gas well completions and field development strategies. The Company’s products and services include Multistage Unlimited, casing-installed sliding sleeves, downhole frac isolation assembly, AirLock casing buoyancy system and liner hanger systems.

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