Short Interest in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Expands By 58.8%

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 2,700 shares, an increase of 58.8% from the December 31st total of 1,700 shares. Based on an average daily volume of 9,400 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the company's shares are short sold.

Institutional Investors Weigh In On NCS Multistage

An institutional investor recently raised its position in NCS Multistage stock. Empowered Funds LLC boosted its stake in NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Free Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,034 shares of the company's stock after acquiring an additional 892 shares during the period. Empowered Funds LLC owned 0.80% of NCS Multistage worth $520,000 at the end of the most recent quarter. 70.91% of the stock is currently owned by hedge funds and other institutional investors.

NCS Multistage Trading Up 0.9 %

Shares of NCS Multistage stock traded up $0.26 during trading on Tuesday, hitting $29.25. The company's stock had a trading volume of 2,427 shares, compared to its average volume of 8,156. The stock has a market cap of $73.14 million, a price-to-earnings ratio of 1.72 and a beta of 1.16. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.50 and a quick ratio of 2.63. NCS Multistage has a 52 week low of $14.75 and a 52 week high of $31.82. The stock has a 50-day moving average price of $26.99 and a two-hundred day moving average price of $22.33.

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.