NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Short Interest Down 58.2% in April

NCS Multistage Holdings, Inc. (NASDAQ:NCSM – Get Rating) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 2,300 shares, a drop of 58.2% from the April 15th total of 5,500 shares. Based on an average daily trading volume, of 7,800 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the company are sold short.

Shares of NCSM traded up $4.09 during mid-day trading on Friday, hitting $44.90. The stock had a trading volume of 13,003 shares, compared to its average volume of 6,961. NCS Multistage has a 52 week low of $21.64 and a 52 week high of $62.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 2.75. The business has a fifty day moving average price of $49.56 and a 200-day moving average price of $40.96. The firm has a market cap of $108.21 million, a P/E ratio of -36.50 and a beta of 1.45.

NCS Multistage (NASDAQ:NCSM – Get Rating) last announced its quarterly earnings data on Monday, March 7th. The company reported $0.48 earnings per share for the quarter. The company had revenue of $36.12 million during the quarter. NCS Multistage had a negative return on equity of 6.37% and a negative net margin of 2.22%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley bought a new stake in shares of NCS Multistage in the first quarter valued at approximately $39,000. Janney Montgomery Scott LLC bought a new stake in NCS Multistage during the 1st quarter valued at $201,000. Dimensional Fund Advisors LP bought a new stake in NCS Multistage during the 1st quarter valued at $263,000. Renaissance Technologies LLC lifted its position in shares of NCS Multistage by 13.9% during the first quarter. Renaissance Technologies LLC now owns 8,216 shares of the company’s stock worth $417,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Gagnon Securities LLC boosted its holdings in shares of NCS Multistage by 71.3% in the fourth quarter. Gagnon Securities LLC now owns 17,368 shares of the company’s stock worth $503,000 after acquiring an additional 7,228 shares during the period. Hedge funds and other institutional investors own 76.27% of the company’s stock.

About NCS Multistage (Get Rating)

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions 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, sand jet perforating products, accelus sliding sleeves, injection control devices, repeat precision products, chemical and radioactive tracer diagnostics, and well construction products.

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