Short Interest in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Rises By 92.3%

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 5,084 shares, an increase of 92.3% from the November 30th total of 2,644 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 18,049 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 18,049 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

Insider Buying and Selling at NCS Multistage

In other NCS Multistage news, Director Robert Nipper sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the director owned 33,455 shares in the company, valued at $1,338,200. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On NCS Multistage

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG raised its stake in shares of NCS Multistage by 9,535.4% in the 3rd quarter. UBS Group AG now owns 23,703 shares of the company’s stock worth $1,210,000 after buying an additional 23,457 shares in the last quarter. Empowered Funds LLC grew its holdings in NCS Multistage by 7.3% during the first quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock worth $752,000 after acquiring an additional 1,455 shares during the period. Dimensional Fund Advisors LP raised its position in NCS Multistage by 7.4% in the third quarter. Dimensional Fund Advisors LP now owns 17,473 shares of the company’s stock worth $892,000 after acquiring an additional 1,200 shares in the last quarter. Inspire Advisors LLC acquired a new stake in NCS Multistage in the 2nd quarter valued at about $430,000. Finally, Bailard Inc. boosted its position in shares of NCS Multistage by 26.1% during the 3rd quarter. Bailard Inc. now owns 8,687 shares of the company’s stock valued at $444,000 after purchasing an additional 1,800 shares in the last quarter. 70.91% of the stock is owned by institutional investors.

NCS Multistage Stock Performance

Shares of NASDAQ:NCSM traded down $0.98 on Friday, hitting $40.41. The company’s stock had a trading volume of 5,057 shares, compared to its average volume of 14,524. The company has a market capitalization of $102.64 million, a price-to-earnings ratio of 8.90 and a beta of 0.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.65 and a current ratio of 4.39. NCS Multistage has a 12 month low of $23.89 and a 12 month high of $53.69. The stock’s 50-day moving average is $39.16 and its two-hundred day moving average is $37.89.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.20. The business had revenue of $46.54 million during the quarter, compared to the consensus estimate of $46.10 million. NCS Multistage had a net margin of 6.89% and a return on equity of 12.10%.

Analyst Ratings Changes

Several analysts recently issued reports on NCSM shares. Wall Street Zen downgraded NCS Multistage from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Singular Research raised NCS Multistage to a “strong-buy” rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c)” rating on shares of NCS Multistage in a report on Monday, December 22nd. Finally, Zacks Research cut shares of NCS Multistage from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.