Short Interest in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Decreases By 43.3%

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 1,700 shares, a decrease of 43.3% from the February 28th total of 3,000 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,700 shares, the days-to-cover ratio is presently 0.2 days.

NCS Multistage Trading Down 1.1 %

NCSM traded down $0.39 on Friday, hitting $34.73. The company had a trading volume of 18,656 shares, compared to its average volume of 6,906. The business’s fifty day simple moving average is $29.75 and its 200 day simple moving average is $25.15. 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 $15.25 and a 12-month high of $37.74. The company has a market cap of $88.25 million, a PE ratio of 2.04 and a beta of 1.05.

Hedge Funds Weigh In On NCS Multistage

A number of institutional investors and hedge funds have recently modified their holdings of NCSM. Captrust Financial Advisors bought a new stake in NCS Multistage in the third quarter worth $310,000. Empowered Funds LLC lifted its holdings in shares of NCS Multistage by 4.7% in the 4th quarter. Empowered Funds LLC now owns 20,034 shares of the company’s stock worth $520,000 after acquiring an additional 892 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of NCS Multistage by 56.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,735 shares of the company’s stock worth $71,000 after purchasing an additional 982 shares during the period. Tocqueville Asset Management L.P. grew its holdings in NCS Multistage by 3.1% during the 4th 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 during the last quarter. Finally, Geode Capital Management LLC purchased a new stake in NCS Multistage in the 4th quarter worth about $247,000. Hedge funds and other institutional investors 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.