NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Short Interest Down 26.7% in December

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 3,727 shares, a drop of 26.7% from the December 15th total of 5,084 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 11,443 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 11,443 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NCSM. Wall Street Zen downgraded NCS Multistage from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Zacks Research downgraded NCS Multistage from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Singular Research upgraded NCS Multistage to a “strong-buy” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NCS Multistage in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Insider Activity

In other NCS Multistage news, Director Robert Nipper sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the sale, the director owned 33,455 shares of the company’s stock, valued at $1,338,200. This trade represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Inspire Advisors LLC acquired a new stake in NCS Multistage during the second quarter worth about $430,000. 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 during the period. Citadel Advisors LLC acquired a new stake in shares of NCS Multistage during the 3rd quarter worth approximately $299,000. Heron Bay Capital Management purchased a new stake in shares of NCS Multistage during the 3rd quarter valued at approximately $222,000. Finally, Dimensional Fund Advisors LP lifted 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 valued at $892,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 70.91% of the company’s stock.

NCS Multistage Stock Performance

NASDAQ NCSM traded up $0.66 on Friday, hitting $39.91. 7,803 shares of the company’s stock traded hands, compared to its average volume of 9,148. The firm’s 50-day moving average price is $38.95 and its two-hundred day moving average price is $38.80. The firm has a market capitalization of $101.37 million, a PE ratio of 8.79 and a beta of 0.48. The company has a current ratio of 4.39, a quick ratio of 2.65 and a debt-to-equity ratio of 0.04. NCS Multistage has a 1-year low of $23.89 and a 1-year high of $53.69.

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

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.