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

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 3,600 shares, an increase of 80.0% from the April 30th total of 2,000 shares. Currently, 0.5% of the company's stock are short sold. Based on an average daily trading volume, of 12,100 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of NCS Multistage from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

Institutional Investors Weigh In On NCS Multistage

Several large investors have recently bought and sold shares of NCSM. Renaissance Technologies LLC acquired a new position in NCS Multistage during the fourth quarter worth $261,000. Geode Capital Management LLC bought a new position in shares of NCS Multistage in the fourth quarter valued at about $247,000. Empowered Funds LLC raised its position in shares of NCS Multistage by 4.7% in the fourth quarter. Empowered Funds LLC now owns 20,034 shares of the company's stock valued at $520,000 after purchasing an additional 892 shares during the period. Dimensional Fund Advisors LP increased its position 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 acquiring an additional 1,689 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in NCS Multistage by 56.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,735 shares of the company's stock worth $71,000 after acquiring an additional 982 shares during the period. Institutional investors own 70.91% of the company's stock.

NCS Multistage Price Performance

NASDAQ NCSM traded down $0.61 on Monday, reaching $28.65. The company's stock had a trading volume of 9,167 shares, compared to its average volume of 7,960. The firm has a market cap of $72.80 million, a PE ratio of 1.68 and a beta of 0.66. The business has a 50-day moving average price of $30.58 and a 200 day moving average price of $28.70. NCS Multistage has a 52 week low of $15.90 and a 52 week high of $38.95. The company has a current ratio of 4.50, a quick ratio of 2.63 and a debt-to-equity ratio of 0.06.

NCS Multistage (NASDAQ:NCSM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.72. The company had revenue of $50.01 million during the quarter, compared to the consensus estimate of $44.40 million. NCS Multistage had a net margin of 27.99% and a return on equity of 2.60%.

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.