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

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

NCS Multistage Price Performance

NCSM stock traded down $1.43 during midday trading on Tuesday, reaching $24.54. The company had a trading volume of 11,113 shares, compared to its average volume of 6,273. The company has a market capitalization of $61.42 million, a price-to-earnings ratio of 1.44 and a beta of 1.16. The stock has a 50 day moving average price of $28.27 and a 200-day moving average price of $23.74. NCS Multistage has a 1-year low of $14.75 and a 1-year high of $31.82. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.50 and a quick ratio of 2.63.

Institutional Inflows and Outflows

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

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.