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

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 6,600 shares, an increase of 266.7% from the November 30th total of 1,800 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 7,500 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On NCS Multistage

An institutional investor recently bought a new position in NCS Multistage stock. Captrust Financial Advisors bought a new stake in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,736 shares of the company’s stock, valued at approximately $310,000. Captrust Financial Advisors owned about 0.63% of NCS Multistage at the end of the most recent quarter. 70.91% of the stock is currently owned by institutional investors and hedge funds.

NCS Multistage Stock Performance

NASDAQ NCSM traded up $0.37 during trading on Thursday, reaching $24.86. The company’s stock had a trading volume of 10,665 shares, compared to its average volume of 4,952. The business’s fifty day moving average price is $22.62 and its 200-day moving average price is $19.94. NCS Multistage has a twelve month low of $14.47 and a twelve month high of $28.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.63 and a current ratio of 4.50. The firm has a market cap of $62.22 million, a price-to-earnings ratio of 1.46 and a beta of 1.23.

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.