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

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,700 shares, a decrease of 74.2% from the December 31st total of 6,600 shares. Based on an average trading volume of 9,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company's shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NCS Multistage stock. Empowered Funds LLC grew its position in shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Free Report) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,142 shares of the company's stock after acquiring an additional 938 shares during the quarter. Empowered Funds LLC owned about 0.77% of NCS Multistage worth $383,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 70.91% of the company's stock.

NCS Multistage Trading Down 1.9 %

Shares of NCSM stock traded down $0.56 during trading hours on Friday, hitting $28.80. 5,367 shares of the company were exchanged, compared to its average volume of 8,087. The firm has a fifty day moving average of $26.74 and a 200 day moving average of $22.13. 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 1 year low of $14.75 and a 1 year high of $31.82. The firm has a market cap of $72 million, a PE ratio of 1.69 and a beta of 1.17.

NCS Multistage (NASDAQ:NCSM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.50 earnings per share for the quarter. NCS Multistage had a net margin of 27.99% and a return on equity of 2.60%. The company had revenue of $44.01 million for the quarter.

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.