NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Short Interest Down 70.4% in April

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) was the recipient of a large decrease in short interest in 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. Based on an average trading volume of 11,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

NCS Multistage Price Performance

Shares of NCSM traded up $0.96 during trading hours on Friday, hitting $30.28. 2,624 shares of the company were exchanged, compared to its average volume of 7,497. The company has a market cap of $76.94 million, a price-to-earnings ratio of 1.78 and a beta of 0.58. The firm's fifty day moving average is $29.79 and its 200 day moving average is $26.56. NCS Multistage has a fifty-two week low of $15.90 and a fifty-two week high of $38.95. The company has a quick ratio of 2.63, a current ratio of 4.50 and a debt-to-equity ratio of 0.06.

Hedge Funds Weigh In On NCS Multistage

Several hedge funds have recently bought and sold shares of NCSM. PNC Financial Services Group Inc. boosted its position in shares of 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 acquiring an additional 982 shares in the last quarter. Geode Capital Management LLC bought a new stake in NCS Multistage during the fourth quarter worth $247,000. Renaissance Technologies LLC acquired a new stake in shares of NCS Multistage in the 4th quarter valued at $261,000. Dimensional Fund Advisors LP increased its stake in shares of NCS Multistage by 14.1% in 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, Empowered Funds LLC raised its holdings in shares of NCS Multistage by 4.7% during the 4th quarter. Empowered Funds LLC now owns 20,034 shares of the company's stock worth $520,000 after buying an additional 892 shares in the last quarter. 70.91% of the stock is owned by institutional investors.

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.

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