NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Sees Significant Decline in Short Interest

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 1,700 shares, a decrease of 74.2% from the December 31st total of 6,600 shares. Based on an average daily volume of 9,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

NCS Multistage Trading Down 1.5 %

NCSM stock traded down $0.46 during midday trading on Tuesday, reaching $29.83. 6,482 shares of the company’s stock traded hands, compared to its average volume of 9,081. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.50 and a quick ratio of 2.63. NCS Multistage has a fifty-two week low of $14.75 and a fifty-two week high of $31.82. The business has a 50-day moving average price of $26.40 and a two-hundred day moving average price of $21.91. The company has a market capitalization of $74.58 million, a P/E ratio of 1.75 and a beta of 1.17.

NCS Multistage (NASDAQ:NCSM) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $1.50 earnings per share (EPS) for the quarter. NCS Multistage had a return on equity of 2.60% and a net margin of 27.99%. The firm had revenue of $44.01 million during the quarter.

Institutional Trading of NCS Multistage

A hedge fund recently bought a new stake in NCS Multistage stock. Captrust Financial Advisors acquired a new position in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 15,736 shares of the company’s stock, valued at approximately $310,000. Captrust Financial Advisors owned approximately 0.63% of NCS Multistage at the end of the most recent reporting period. 70.91% of the stock is currently owned by institutional investors.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and construction, 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, 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.