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

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 2,800 shares, a drop of 20.0% from the January 31st total of 3,500 shares. Based on an average daily volume of 9,000 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the company's stock are short sold.

NCS Multistage Stock Performance

NASDAQ NCSM traded up $1.08 on Friday, hitting $25.49. 56,848 shares of the stock were exchanged, compared to its average volume of 7,301. The business's fifty day moving average is $28.29 and its 200 day moving average is $23.79. NCS Multistage has a 52 week low of $14.75 and a 52 week high of $31.82. The company has a market capitalization of $63.80 million, a PE ratio of 1.50 and a beta of 1.05. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.50 and a quick ratio of 2.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC grew its position in NCS Multistage by 4.7% during the fourth 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. PNC Financial Services Group Inc. grew its holdings 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 purchasing an additional 982 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of NCS Multistage by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,679 shares of the company's stock worth $355,000 after purchasing an additional 1,689 shares during the period. Tocqueville Asset Management L.P. raised its stake in 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 purchasing an additional 4,345 shares in the last quarter. Finally, Geode Capital Management LLC acquired a new stake in NCS Multistage during the fourth quarter worth about $247,000. Institutional investors and hedge funds own 70.91% of the company's stock.

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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.