Short Interest in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Increases By 266.7%

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 6,600 shares, an increase of 266.7% from the November 30th total of 1,800 shares. Currently, 0.9% of the company's stock are short sold. Based on an average trading volume of 7,500 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On NCS Multistage

A hedge fund recently raised its stake in NCS Multistage stock. Empowered Funds LLC boosted its holdings in NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Free Report) by 5.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,142 shares of the company's stock after purchasing an additional 938 shares during the quarter. Empowered Funds LLC owned about 0.77% of NCS Multistage worth $383,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 70.91% of the company's stock.

NCS Multistage Stock Down 0.0 %

NASDAQ NCSM traded down $0.01 on Thursday, hitting $24.48. 14,027 shares of the stock were exchanged, compared to its average volume of 4,968. NCS Multistage has a fifty-two week low of $14.47 and a fifty-two week high of $28.73. The company has a 50-day moving average price of $22.74 and a 200-day moving average price of $19.98. 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 company has a market cap of $61.27 million, a PE ratio of 1.44 and a beta of 1.23.

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.