NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Sees Significant Decline in Short Interest

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 2,400 shares, a decline of 20.0% from the February 29th total of 3,000 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On NCS Multistage

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP acquired a new position in shares of NCS Multistage during the first quarter worth about $263,000. BlackRock Inc. grew its position in shares of NCS Multistage by 37.9% during the first quarter. BlackRock Inc. now owns 6,982 shares of the company’s stock worth $165,000 after buying an additional 1,918 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of NCS Multistage during the fourth quarter worth about $201,000. Geode Capital Management LLC acquired a new position in shares of NCS Multistage during the fourth quarter worth about $225,000. Finally, Vanguard Group Inc. grew its position in shares of NCS Multistage by 14.1% during the fourth quarter. Vanguard Group Inc. now owns 12,392 shares of the company’s stock worth $211,000 after buying an additional 1,528 shares in the last quarter. 70.91% of the stock is owned by institutional investors and hedge funds.

NCS Multistage Price Performance

NASDAQ NCSM remained flat at $16.03 during trading on Friday. The company’s stock had a trading volume of 345 shares, compared to its average volume of 4,330. The company has a market capitalization of $39.91 million, a P/E ratio of -10.34 and a beta of 1.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.22 and a quick ratio of 1.92. The business’s fifty day moving average is $15.62 and its 200 day moving average is $15.23. NCS Multistage has a 52 week low of $12.02 and a 52 week high of $23.86.

About NCS Multistage

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions 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, RP 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.