Short Interest in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Rises By 80.0%

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) was the recipient of a significant increase in short interest during the month of 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. Approximately 0.5% of the company's stock are sold short. Based on an average trading volume of 12,100 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NCSM. PNC Financial Services Group Inc. lifted its holdings in NCS Multistage by 56.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,735 shares of the company's stock valued at $71,000 after buying an additional 982 shares in the last quarter. Geode Capital Management LLC bought a new stake in shares of NCS Multistage during the fourth quarter valued at approximately $247,000. Bailard Inc. bought a new stake in shares of NCS Multistage during the first quarter valued at approximately $249,000. Renaissance Technologies LLC bought a new position in NCS Multistage in the fourth quarter worth approximately $261,000. Finally, Dimensional Fund Advisors LP grew its stake in 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 purchasing an additional 1,689 shares in the last quarter. Institutional investors own 70.91% of the company's stock.

Wall Street Analyst Weigh In

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

NCS Multistage Price Performance

Shares of NCSM stock traded up $1.12 during trading hours on Wednesday, hitting $30.16. The stock had a trading volume of 8,278 shares, compared to its average volume of 8,007. The stock's 50-day moving average price is $30.46 and its two-hundred day moving average price is $28.70. NCS Multistage has a one year low of $15.90 and a one year high of $38.95. The stock has a market capitalization of $76.64 million, a price-to-earnings ratio of 1.77 and a beta of 0.70. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.50 and a quick ratio of 2.63.

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

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.