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

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,800 shares, a growth of 115.4% from the October 15th total of 1,300 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On NCS Multistage

A number of institutional investors have recently bought and sold shares of NCSM. Summit Securities Group LLC purchased a new stake in shares of NCS Multistage in the 2nd quarter valued at approximately $34,000. Empowered Funds LLC raised its stake in shares of NCS Multistage by 7.8% in the 1st quarter. Empowered Funds LLC now owns 16,944 shares of the company’s stock valued at $271,000 after acquiring an additional 1,225 shares during the period. Finally, Tocqueville Asset Management L.P. raised its stake in shares of NCS Multistage by 4.2% in the 1st quarter. Tocqueville Asset Management L.P. now owns 137,094 shares of the company’s stock valued at $2,198,000 after acquiring an additional 5,588 shares during the period. 70.91% of the stock is owned by hedge funds and other institutional investors.

NCS Multistage Trading Down 0.1 %

NCSM stock traded down $0.02 during trading on Wednesday, reaching $23.32. 1,634 shares of the stock were exchanged, compared to its average volume of 3,934. The company has a current ratio of 4.50, a quick ratio of 2.63 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $19.71 and a 200-day moving average price of $18.51. NCS Multistage has a 1 year low of $12.02 and a 1 year high of $23.34. The firm has a market capitalization of $58.30 million, a price-to-earnings ratio of 1.37 and a beta of 1.20.

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.