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

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the target of 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. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 10,700 shares, the days-to-cover ratio is presently 0.2 days.

NCS Multistage Stock Down 4.2 %

NASDAQ:NCSM opened at $35.12 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.50 and a quick ratio of 2.63. NCS Multistage has a 1-year low of $15.25 and a 1-year high of $37.74. The company has a 50-day moving average of $29.65 and a 200 day moving average of $25.00. The firm has a market cap of $89.24 million, a PE ratio of 2.06 and a beta of 1.05.

Institutional Investors Weigh In On NCS Multistage

Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in shares of NCS Multistage by 56.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,735 shares of the company’s stock worth $71,000 after purchasing an additional 982 shares in the last quarter. Geode Capital Management LLC acquired a new position in NCS Multistage during the 4th quarter valued at about $247,000. Renaissance Technologies LLC purchased a new stake in NCS Multistage in the fourth quarter valued at about $261,000. Dimensional Fund Advisors LP boosted its holdings in NCS Multistage by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,679 shares of the company’s stock worth $355,000 after acquiring an additional 1,689 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of NCS Multistage during the third quarter worth about $310,000. 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.