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

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 800 shares, a decline of 70.4% from the March 31st total of 2,700 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,100 shares, the short-interest ratio is currently 0.1 days.

NCS Multistage Price Performance

NCSM stock traded up $4.52 during trading on Thursday, reaching $34.03. 17,603 shares of the company were exchanged, compared to its average volume of 7,572. The company has a market cap of $86.47 million, a P/E ratio of 2.00 and a beta of 0.58. NCS Multistage has a 52-week low of $15.90 and a 52-week high of $38.95. The stock's 50 day moving average price is $30.02 and its 200 day moving average price is $26.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.63 and a current ratio of 4.50.

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

Institutional Trading of NCS Multistage

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in shares of 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 last quarter. Renaissance Technologies LLC bought a new stake in NCS Multistage in the fourth quarter valued at about $261,000. Geode Capital Management LLC bought a new stake in NCS Multistage in the fourth quarter valued at about $247,000. Tocqueville Asset Management L.P. increased its holdings in NCS Multistage by 3.1% in the fourth quarter. Tocqueville Asset Management L.P. now owns 142,702 shares of the company's stock valued at $3,705,000 after buying an additional 4,345 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in NCS Multistage by 56.0% in the fourth 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 during the last quarter. 70.91% of the stock is owned by hedge funds and other institutional investors.

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.