NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Sees Large Growth in Short Interest

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) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 4,500 shares, a growth of 80.0% from the August 15th total of 2,500 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 10,100 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 10,100 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.7% of the shares of the stock are sold short.

Insider Buying and Selling at NCS Multistage

In related news, Director Valerie A. Mitchell sold 1,969 shares of NCS Multistage stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $30.16, for a total transaction of $59,385.04. Following the sale, the director directly owned 23,551 shares of the company's stock, valued at approximately $710,298.16. The trade was a 7.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 10.00% of the company's stock.

Institutional Trading of NCS Multistage

A number of institutional investors and hedge funds have recently bought and sold shares of NCSM. Empowered Funds LLC lifted its holdings in NCS Multistage by 7.3% during the 1st quarter. Empowered Funds LLC now owns 21,489 shares of the company's stock worth $752,000 after buying an additional 1,455 shares during the period. Inspire Advisors LLC acquired a new position in shares of NCS Multistage in the second quarter worth approximately $430,000. Dimensional Fund Advisors LP lifted its stake in shares of NCS Multistage by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,679 shares of the company's stock worth $355,000 after acquiring an additional 1,689 shares during the period. NewEdge Advisors LLC boosted its holdings in NCS Multistage by 3,774.4% in the second quarter. NewEdge Advisors LLC now owns 8,175 shares of the company's stock valued at $241,000 after acquiring an additional 7,964 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in NCS Multistage during the 1st quarter valued at approximately $249,000. 70.91% of the stock is currently owned by institutional investors and hedge funds.

NCS Multistage Trading Down 0.3%

NASDAQ NCSM traded down $0.13 during trading hours on Friday, reaching $48.23. The company's stock had a trading volume of 18,453 shares, compared to its average volume of 18,070. The firm has a fifty day simple moving average of $35.03 and a 200-day simple moving average of $32.09. The stock has a market cap of $122.55 million, a P/E ratio of 10.11 and a beta of 0.71. NCS Multistage has a 52 week low of $16.81 and a 52 week high of $51.49. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.66 and a quick ratio of 2.83.

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

Analysts Set New Price Targets

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

NCS Multistage Company Profile

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.

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