Short Interest in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Declines By 49.5%

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 1,249 shares, a drop of 49.5% from the January 15th total of 2,471 shares. Based on an average daily volume of 4,766 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 4,766 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Several research analysts have weighed in on NCSM shares. Singular Research upgraded shares of NCS Multistage to a “strong-buy” rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c)” rating on shares of NCS Multistage in a research note on Monday, December 29th. Finally, Wall Street Zen raised NCS Multistage from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 24th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On NCS Multistage

A number of institutional investors have recently made changes to their positions in the stock. Tucker Asset Management LLC purchased a new stake in shares of NCS Multistage in the fourth quarter valued at $34,000. PNC Financial Services Group Inc. raised its stake in NCS Multistage by 342.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock valued at $44,000 after purchasing an additional 668 shares during the last quarter. Heron Bay Capital Management purchased a new position in NCS Multistage in the 3rd quarter valued at about $222,000. GSA Capital Partners LLP purchased a new position in NCS Multistage in the 3rd quarter valued at about $296,000. Finally, Citadel Advisors LLC acquired a new stake in shares of NCS Multistage during the 3rd quarter worth about $299,000. 70.91% of the stock is owned by institutional investors and hedge funds.

NCS Multistage Stock Up 0.2%

Shares of NASDAQ NCSM opened at $38.70 on Friday. NCS Multistage has a 12-month low of $23.89 and a 12-month high of $53.69. The company has a market capitalization of $98.30 million, a PE ratio of 8.52 and a beta of 0.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.39 and a quick ratio of 2.65. The firm’s 50-day moving average is $39.82 and its two-hundred day moving average is $39.95.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc is an oilfield services company that designs, engineers and manufactures downhole completion systems for use in hydraulic fracturing operations across North America. Specializing in multi‐stage stimulation technologies, the company’s product portfolio includes composite frac plugs, open‐hole frac systems and mechanical isolation tools that enable producers to optimize well performance in unconventional reservoirs. Its tools are employed in plug-and-perf operations, horizontal completions and re-entry applications, providing zonal isolation and pressure integrity throughout the fracturing process.

In addition to its core frac plug offerings, NCS Multistage provides a range of complementary services including on-site rig support, tool installation supervision and pressure testing.