Short Interest in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Increases By 58.8%

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 2,700 shares, a growth of 58.8% from the December 31st total of 1,700 shares. Based on an average daily trading volume, of 9,400 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the company’s shares are sold short.

NCS Multistage Stock Down 3.8 %

NASDAQ NCSM traded down $1.11 on Friday, reaching $28.25. The company had a trading volume of 3,188 shares, compared to its average volume of 8,349. The firm has a market capitalization of $70.63 million, a price-to-earnings ratio of 1.66 and a beta of 1.17. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.63 and a current ratio of 4.50. NCS Multistage has a 1-year low of $14.75 and a 1-year high of $31.82. The company’s fifty day moving average is $26.62 and its 200-day moving average is $22.01.

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

Hedge Funds Weigh In On NCS Multistage

A hedge fund recently raised its stake in NCS Multistage stock. Empowered Funds LLC lifted its holdings in shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) by 5.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,142 shares of the company’s stock after buying an additional 938 shares during the period. Empowered Funds LLC owned about 0.77% of NCS Multistage worth $383,000 at the end of the most recent quarter. 70.91% of the stock is currently owned by institutional investors.

About NCS Multistage

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.