Short Interest in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Declines By 20.0%

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 2,800 shares, a decrease of 20.0% from the January 31st total of 3,500 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 9,000 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On NCS Multistage

A number of institutional investors have recently modified their holdings of NCSM. Captrust Financial Advisors acquired a new position in shares of NCS Multistage in the third quarter worth $310,000. Renaissance Technologies LLC acquired a new position in NCS Multistage in the 4th quarter worth about $261,000. Geode Capital Management LLC acquired a new position in NCS Multistage in the 4th quarter worth about $247,000. Tocqueville Asset Management L.P. raised its stake in shares of NCS Multistage by 3.1% during the 4th quarter. Tocqueville Asset Management L.P. now owns 142,702 shares of the company’s stock worth $3,705,000 after purchasing an additional 4,345 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of NCS Multistage by 14.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,679 shares of the company’s stock valued at $355,000 after buying an additional 1,689 shares during the last quarter. Institutional investors and hedge funds own 70.91% of the company’s stock.

NCS Multistage Stock Up 1.9 %

Shares of NCSM stock traded up $0.49 during trading on Thursday, hitting $25.84. 3,968 shares of the company were exchanged, compared to its average volume of 6,146. The business’s 50-day simple moving average is $28.28 and its 200 day simple moving average is $23.78. NCS Multistage has a twelve month low of $14.75 and a twelve month high of $31.82. The firm has a market capitalization of $64.67 million, a price-to-earnings ratio of 1.52 and a beta of 1.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.63 and a current ratio of 4.50.

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.