NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Short Interest Up 18.5% in February

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 1,072 shares, a growth of 18.5% from the February 12th total of 905 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 5,604 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 5,604 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of NCS Multistage

A number of institutional investors have recently made changes to their positions in NCSM. Empowered Funds LLC boosted its position in NCS Multistage by 7.3% during the 1st quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock valued at $752,000 after acquiring an additional 1,455 shares in the last quarter. Inspire Advisors LLC bought a new stake in NCS Multistage in the 2nd quarter worth approximately $430,000. NewEdge Advisors LLC grew its position in NCS Multistage by 3,774.4% in the second quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock worth $241,000 after acquiring an additional 7,964 shares in the last quarter. Bailard Inc. raised its stake in shares of NCS Multistage by 26.1% in the third quarter. Bailard Inc. now owns 8,687 shares of the company’s stock valued at $444,000 after acquiring an additional 1,800 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of NCS Multistage by 342.6% during the third quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock worth $44,000 after acquiring an additional 668 shares during the period. Hedge funds and other institutional investors own 70.91% of the company’s stock.

NCS Multistage Stock Performance

Shares of NCSM traded up $0.99 during trading hours on Wednesday, reaching $70.05. 20,876 shares of the company traded hands, compared to its average volume of 16,107. The stock’s fifty day moving average is $42.93 and its 200 day moving average is $42.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.91 and a current ratio of 4.27. NCS Multistage has a 1-year low of $25.09 and a 1-year high of $71.92. The stock has a market cap of $178.35 million, a P/E ratio of 8.25 and a beta of 0.55.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $0.70 by $0.90. The business had revenue of $50.63 million for the quarter, compared to analysts’ expectations of $43.60 million. NCS Multistage had a net margin of 12.93% and a return on equity of 10.32%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NCSM shares. Zacks Research raised NCS Multistage from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of NCS Multistage in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of NCS Multistage from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 24th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc is an oilfield services company that designs, engineers and manufactures downhole completion systems for use in hydraulic fracturing operations across North America. Specializing in multi‐stage stimulation technologies, the company’s product portfolio includes composite frac plugs, open‐hole frac systems and mechanical isolation tools that enable producers to optimize well performance in unconventional reservoirs. Its tools are employed in plug-and-perf operations, horizontal completions and re-entry applications, providing zonal isolation and pressure integrity throughout the fracturing process.

In addition to its core frac plug offerings, NCS Multistage provides a range of complementary services including on-site rig support, tool installation supervision and pressure testing.