NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Short Interest Update

Key Points

• NCS Multistage Holdings, Inc. experienced a significant increase in short interest, rising by 80% to 4,500 shares in August, representing approximately 0.7% of its total shares.
• Insider trading activity shows that Director Valerie A. Mitchell sold 1,969 shares at $30.16 each, reducing her ownership by 7.72%.
• Institutional investors hold about 70.91% of NCS Multistage stock, with notable increases in holdings from several funds during recent quarters.

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 4,500 shares, an increase of 80.0% from the August 15th total of 2,500 shares. Based on an average daily volume of 10,100 shares, the short-interest ratio is presently 0.4 days. Approximately 0.7% of the company's shares are sold short. Approximately 0.7% of the company's shares are sold short. Based on an average daily volume of 10,100 shares, the short-interest ratio is presently 0.4 days.

NCS Multistage Stock Performance

Shares of NASDAQ:NCSM traded down $0.60 during midday trading on Friday, reaching $49.15. 17,584 shares of the company traded hands, compared to its average volume of 19,767. The company has a quick ratio of 2.83, a current ratio of 4.66 and a debt-to-equity ratio of 0.04. NCS Multistage has a 12 month low of $16.81 and a 12 month high of $51.49. The firm has a market capitalization of $124.84 million, a price-to-earnings ratio of 10.30 and a beta of 0.71. The firm's fifty day moving average price is $36.90 and its two-hundred day moving average price is $32.82.

NCS Multistage (NASDAQ:NCSM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.46) by $1.80. NCS Multistage had a return on equity of 12.50% and a net margin of 7.18%.The company had revenue of $36.45 million for the quarter, compared to analyst estimates of $27.60 million.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of NCS Multistage from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 7th.

Insider Activity at NCS Multistage

In other NCS Multistage news, Director Valerie A. Mitchell sold 1,969 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $30.16, for a total value of $59,385.04. Following the transaction, the director owned 23,551 shares in the company, valued at approximately $710,298.16. This represents a 7.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NCS Multistage

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in NCS Multistage by 14.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,679 shares of the company's stock worth $355,000 after purchasing an additional 1,689 shares during the last quarter. Bailard Inc. bought a new stake in shares of NCS Multistage during the first quarter valued at approximately $249,000. Empowered Funds LLC boosted its position in shares of NCS Multistage by 7.3% during the first quarter. Empowered Funds LLC now owns 21,489 shares of the company's stock valued at $752,000 after purchasing an additional 1,455 shares in the last quarter. Inspire Advisors LLC purchased a new position in NCS Multistage during the second quarter valued at $430,000. Finally, NewEdge Advisors LLC raised its stake in NCS Multistage by 3,774.4% during the second quarter. NewEdge Advisors LLC now owns 8,175 shares of the company's stock valued at $241,000 after buying an additional 7,964 shares during the last quarter. 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.