NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Short Interest Up 92.3% in December

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 5,084 shares, a growth of 92.3% from the November 30th total of 2,644 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,049 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 18,049 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

NCS Multistage Stock Down 2.4%

Shares of NCSM traded down $0.98 during trading hours on Friday, reaching $40.41. The company’s stock had a trading volume of 5,057 shares, compared to its average volume of 14,524. The company has a 50 day moving average of $39.16 and a two-hundred day moving average of $37.89. The company has a quick ratio of 2.65, a current ratio of 4.39 and a debt-to-equity ratio of 0.04. The firm has a market cap of $102.64 million, a price-to-earnings ratio of 8.90 and a beta of 0.51. NCS Multistage has a 1-year low of $23.89 and a 1-year high of $53.69.

NCS Multistage (NASDAQ:NCSM) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.20. The firm had revenue of $46.54 million for the quarter, compared to the consensus estimate of $46.10 million. NCS Multistage had a net margin of 6.89% and a return on equity of 12.10%.

Insider Transactions at NCS Multistage

In other NCS Multistage news, Director Robert Nipper sold 3,147 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $40.00, for a total value of $125,880.00. Following the transaction, the director owned 88,596 shares of the company’s stock, valued at approximately $3,543,840. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.00% of the company’s stock.

Institutional Trading of NCS Multistage

Hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in NCS Multistage in the third quarter valued at about $299,000. UBS Group AG grew its stake in shares of NCS Multistage by 9,535.4% in the 3rd quarter. UBS Group AG now owns 23,703 shares of the company’s stock valued at $1,210,000 after buying an additional 23,457 shares in the last quarter. Heron Bay Capital Management bought a new stake in shares of NCS Multistage in the 3rd quarter valued at approximately $222,000. Dimensional Fund Advisors LP increased its holdings in NCS Multistage by 7.4% in the third quarter. Dimensional Fund Advisors LP now owns 17,473 shares of the company’s stock worth $892,000 after buying an additional 1,200 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in NCS Multistage during the third quarter valued at approximately $296,000. 70.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NCSM has been the topic of a number of recent research reports. Zacks Research cut NCS Multistage from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Singular Research upgraded NCS Multistage to a “strong-buy” rating in a research report on Tuesday, November 11th. Wall Street Zen downgraded NCS Multistage from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NCS Multistage in a report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc is an oilfield services company that designs, engineers and manufactures downhole completion systems for use in hydraulic fracturing operations across North America. Specializing in multi‐stage stimulation technologies, the company’s product portfolio includes composite frac plugs, open‐hole frac systems and mechanical isolation tools that enable producers to optimize well performance in unconventional reservoirs. Its tools are employed in plug-and-perf operations, horizontal completions and re-entry applications, providing zonal isolation and pressure integrity throughout the fracturing process.

In addition to its core frac plug offerings, NCS Multistage provides a range of complementary services including on-site rig support, tool installation supervision and pressure testing.