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

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

NCS Multistage Stock Performance

Shares of NCSM stock traded down $1.11 on Friday, reaching $28.25. The stock 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 quick ratio of 2.63, a current ratio of 4.50 and a debt-to-equity ratio of 0.06. NCS Multistage has a 12 month low of $14.75 and a 12 month high of $31.82. The firm’s 50-day moving average is $26.62 and its two-hundred day moving average is $22.01.

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

Institutional Investors Weigh In On NCS Multistage

An institutional investor recently raised its position in NCS Multistage stock. Empowered Funds LLC boosted its holdings in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) by 4.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,034 shares of the company’s stock after purchasing an additional 892 shares during the quarter. Empowered Funds LLC owned 0.80% of NCS Multistage worth $520,000 at the end of the most recent reporting period. 70.91% of the stock is currently owned by institutional investors and hedge funds.

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.