Short Interest in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Decreases By 53.8%

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 1,800 shares, a drop of 53.8% from the November 15th total of 3,900 shares. Based on an average trading volume of 6,300 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the stock are short sold.

NCS Multistage Price Performance

Shares of NASDAQ NCSM traded down $0.13 on Friday, hitting $28.37. The company’s stock had a trading volume of 16,980 shares, compared to its average volume of 4,701. The stock has a 50 day moving average of $21.52 and a 200-day moving average of $19.54. The company has a market capitalization of $71.01 million, a price-to-earnings ratio of 1.67 and a beta of 1.23. NCS Multistage has a 12-month low of $13.90 and a 12-month high of $28.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.50 and a quick ratio of 2.63.

Hedge Funds Weigh In On NCS Multistage

Institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its stake in NCS Multistage by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 19,142 shares of the company’s stock valued at $383,000 after purchasing an additional 938 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of NCS Multistage in the third quarter valued at approximately $310,000. Finally, Summit Securities Group LLC purchased a new position in shares of NCS Multistage during the second quarter valued at approximately $34,000. 70.91% of the stock is owned by institutional investors and hedge funds.

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.