NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Sees Significant Decrease in Short Interest

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 905 shares, a decrease of 27.5% from the January 29th total of 1,249 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 6,567 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 6,567 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

NCSM has been the subject of several analyst reports. Singular Research upgraded NCS Multistage to a “strong-buy” rating in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of NCS Multistage in a report on Monday, December 29th. Finally, Wall Street Zen raised NCS Multistage from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 24th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, NCS Multistage presently has a consensus rating of “Moderate Buy”.

NCS Multistage Price Performance

Shares of NCSM traded up $1.09 during trading hours on Monday, hitting $40.93. 11,264 shares of the company were exchanged, compared to its average volume of 6,221. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.39 and a quick ratio of 2.65. The company has a market capitalization of $103.96 million, a PE ratio of 9.02 and a beta of 0.55. The firm has a fifty day simple moving average of $39.38 and a 200-day simple moving average of $40.66. NCS Multistage has a one year low of $23.89 and a one year high of $53.69.

Institutional Trading of NCS Multistage

Several institutional investors and hedge funds have recently bought and sold shares of NCSM. Tucker Asset Management LLC purchased a new stake in NCS Multistage during the fourth quarter valued at about $34,000. PNC Financial Services Group Inc. increased its position in shares of NCS Multistage by 342.6% in 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 in the last quarter. Heron Bay Capital Management acquired a new stake in shares of NCS Multistage during the third quarter valued at approximately $222,000. GSA Capital Partners LLP acquired a new stake in shares of NCS Multistage during the third quarter valued at approximately $296,000. Finally, Citadel Advisors LLC purchased a new stake in shares of NCS Multistage in the 3rd quarter valued at approximately $299,000. Institutional investors and hedge funds own 70.91% of the company’s stock.

About NCS Multistage

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.