Short Interest in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Decreases By 43.3%

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 1,700 shares, a decrease of 43.3% from the February 28th total of 3,000 shares. Based on an average daily trading volume, of 10,700 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

NCS Multistage Stock Down 4.2 %

Shares of NCSM opened at $35.12 on Friday. The company has a quick ratio of 2.63, a current ratio of 4.50 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $29.65 and a 200 day moving average of $25.00. The company has a market cap of $89.24 million, a PE ratio of 2.06 and a beta of 1.05. NCS Multistage has a 52-week low of $15.25 and a 52-week high of $37.74.

Institutional Investors Weigh In On NCS Multistage

Institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors purchased a new stake in NCS Multistage in the 3rd quarter worth about $310,000. Empowered Funds LLC grew its stake in shares of NCS Multistage by 4.7% during the fourth quarter. Empowered Funds LLC now owns 20,034 shares of the company’s stock valued at $520,000 after buying an additional 892 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of NCS Multistage by 56.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,735 shares of the company’s stock worth $71,000 after buying an additional 982 shares during the period. Tocqueville Asset Management L.P. lifted its stake in shares of NCS Multistage by 3.1% during the 4th quarter. Tocqueville Asset Management L.P. now owns 142,702 shares of the company’s stock worth $3,705,000 after acquiring an additional 4,345 shares during the last quarter. Finally, Geode Capital Management LLC bought a new stake in shares of NCS Multistage during the 4th quarter worth approximately $247,000. Institutional investors own 70.91% of the company’s stock.

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.