NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Sees Significant Decline in Short Interest

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

Hedge Funds Weigh In On NCS Multistage

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in shares of 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 buying an additional 982 shares during the last quarter. Geode Capital Management LLC bought a new stake in NCS Multistage during the 4th quarter worth $247,000. Bailard Inc. acquired a new position in NCS Multistage in the 1st quarter worth about $249,000. Renaissance Technologies LLC bought a new position in NCS Multistage in the fourth quarter valued at about $261,000. Finally, Dimensional Fund Advisors LP boosted its stake 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 valued at $355,000 after purchasing an additional 1,689 shares in the last quarter. Institutional investors own 70.91% of the company's stock.

NCS Multistage Price Performance

Shares of NCSM stock traded up $0.29 during trading hours on Friday, reaching $34.32. The company's stock had a trading volume of 6,677 shares, compared to its average volume of 7,568. The company has a quick ratio of 2.63, a current ratio of 4.50 and a debt-to-equity ratio of 0.06. NCS Multistage has a fifty-two week low of $15.90 and a fifty-two week high of $38.95. The company has a market capitalization of $87.21 million, a price-to-earnings ratio of 2.02 and a beta of 0.58. The firm's 50 day simple moving average is $30.02 and its 200-day simple moving average is $26.86.

NCS Multistage (NASDAQ:NCSM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $50.01 million for the quarter, compared to analyst estimates 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.