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

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 1,700 shares, a drop of 43.3% from the February 28th total of 3,000 shares. Based on an average daily volume of 10,700 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the company’s stock are sold short.

NCS Multistage Stock Down 1.1 %

NCS Multistage stock traded down $0.39 during midday trading on Friday, hitting $34.73. 18,656 shares of the stock were exchanged, compared to its average volume of 6,906. NCS Multistage has a 52-week low of $15.25 and a 52-week high of $37.74. The company has a quick ratio of 2.63, a current ratio of 4.50 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $29.75 and its 200-day moving average price is $25.09. The stock has a market capitalization of $88.25 million, a price-to-earnings ratio of 2.04 and a beta of 1.05.

Hedge Funds Weigh In On NCS Multistage

Hedge funds and other institutional investors have recently modified their holdings of the business. Tocqueville Asset Management L.P. increased its position in shares of NCS Multistage by 3.1% during the fourth quarter. Tocqueville Asset Management L.P. now owns 142,702 shares of the company’s stock valued at $3,705,000 after acquiring an additional 4,345 shares during the last quarter. Empowered Funds LLC boosted its position in NCS Multistage by 4.7% in the fourth quarter. Empowered Funds LLC now owns 20,034 shares of the company’s stock worth $520,000 after purchasing an additional 892 shares during the last quarter. Captrust Financial Advisors bought a new position in NCS Multistage in the 3rd quarter valued at $310,000. Dimensional Fund Advisors LP increased its position 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 valued at $355,000 after purchasing an additional 1,689 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of NCS Multistage during the 4th quarter worth $261,000. Hedge funds and other institutional investors own 70.91% of the company’s stock.

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.