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

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) was the recipient of a large drop in short interest during the month of 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 trading volume, of 10,700 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the company's stock are short sold.

Institutional Investors Weigh In On NCS Multistage

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 1,689 shares during the period. Renaissance Technologies LLC acquired a new stake in NCS Multistage during the 4th quarter valued at $261,000. Geode Capital Management LLC purchased a new stake in NCS Multistage during the 4th quarter worth about $247,000. Tocqueville Asset Management L.P. raised its position in shares of NCS Multistage by 3.1% in the fourth quarter. Tocqueville Asset Management L.P. now owns 142,702 shares of the company's stock valued at $3,705,000 after buying an additional 4,345 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in NCS Multistage by 56.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,735 shares of the company's stock valued at $71,000 after acquiring an additional 982 shares during the last quarter. 70.91% of the stock is owned by institutional investors and hedge funds.

NCS Multistage Stock Performance

NASDAQ NCSM traded up $0.78 on Tuesday, reaching $35.77. The stock had a trading volume of 5,491 shares, compared to its average volume of 6,966. The business's 50-day moving average price is $29.86 and its 200 day moving average price is $25.25. The stock has a market cap of $90.89 million, a P/E ratio of 2.09 and a beta of 1.05. NCS Multistage has a 12-month low of $15.25 and a 12-month high of $37.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.63 and a current ratio of 4.50.

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.