NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Short Interest Update

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,072 shares, an increase of 18.5% from the February 12th total of 905 shares. Based on an average daily trading volume, of 5,604 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 5,604 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Several brokerages have weighed in on NCSM. Wall Street Zen raised shares of NCS Multistage from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 24th. Weiss Ratings restated a “hold (c)” rating on shares of NCS Multistage in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of NCS Multistage from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

NCS Multistage Trading Up 9.6%

Shares of NASDAQ:NCSM traded up $6.07 during trading on Tuesday, reaching $69.06. The company’s stock had a trading volume of 34,102 shares, compared to its average volume of 28,010. The stock has a market capitalization of $176.10 million, a PE ratio of 8.07 and a beta of 0.55. NCS Multistage has a 12 month low of $25.09 and a 12 month high of $69.37. The company has a current ratio of 4.27, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. The firm’s 50 day simple moving average is $42.93 and its two-hundred day simple moving average is $42.15.

NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.90. The company had revenue of $50.63 million for the quarter, compared to analysts’ expectations of $43.60 million. NCS Multistage had a return on equity of 10.32% and a net margin of 12.93%.

Institutional Trading of NCS Multistage

Institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC boosted its stake in NCS Multistage by 7.3% during the first quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock worth $752,000 after buying an additional 1,455 shares during the period. Inspire Advisors LLC purchased a new stake in shares of NCS Multistage in the second quarter valued at $430,000. NewEdge Advisors LLC lifted its holdings in shares of NCS Multistage by 3,774.4% in the 2nd quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock worth $241,000 after acquiring an additional 7,964 shares during the last quarter. Bailard Inc. lifted its holdings in shares of NCS Multistage by 26.1% in the 3rd quarter. Bailard Inc. now owns 8,687 shares of the company’s stock worth $444,000 after acquiring an additional 1,800 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of NCS Multistage by 342.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock worth $44,000 after purchasing an additional 668 shares during the period. 70.91% of the stock is currently owned by institutional investors.

About NCS Multistage

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.