Short Interest in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Decreases By 80.6%

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 700 shares, a decrease of 80.6% from the May 15th total of 3,600 shares. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company's stock are short sold.

Institutional Trading of NCS Multistage

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake 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 worth $71,000 after purchasing an additional 982 shares in the last quarter. Bailard Inc. bought a new position in shares of NCS Multistage during the 1st quarter worth approximately $249,000. Geode Capital Management LLC bought a new position in shares of NCS Multistage during the 4th quarter worth approximately $247,000. Renaissance Technologies LLC bought a new position in shares of NCS Multistage during the 4th quarter worth approximately $261,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of NCS Multistage by 14.1% during the 4th 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 in the last quarter. 70.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

NCS Multistage Stock Up 2.8%

NASDAQ NCSM traded up $0.84 during trading hours on Friday, reaching $30.90. 9,594 shares of the company's stock were exchanged, compared to its average volume of 8,072. The company's 50-day moving average is $30.04 and its two-hundred day moving average is $29.13. NCS Multistage has a one year low of $15.90 and a one year high of $38.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.63 and a current ratio of 4.50. The company has a market capitalization of $78.52 million, a price-to-earnings ratio of 1.82 and a beta of 0.70.

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

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.