Short Interest in NCS Multistage Holdings, Inc. (NASDAQ: NCSM) Declines 22.6%

NCS Multistage Holdings, Inc. (NASDAQ: NCSM) recorded a sharp decline in short-term interest in November. As of November 30, there was short interest totaling 4,800 shares, a decrease of 22.6% from the total of 6,200 shares on November 15. Based on an average daily volume of 4,300 shares, the day / hedge ratio is currently 1.1 days. Currently, 0.8% of the company’s shares are sold short.

HMCS traded up $ 0.15 in Friday’s session, reaching $ 31.05. 11,659 shares of the security were traded, for an average volume of 7,184. The company has a 50-day simple moving average of $ 32.47 and a 200-day simple moving average of $ 29.53. The company has a market cap of $ 73.90 million, a price-to-earnings ratio of 34.89 and a beta of 1.86. NCS Multistage has a 1 year low of $ 21.64 and a 1 year high of $ 47.97. The company has a debt to equity ratio of 0.06, a quick ratio of 2.79 and a current ratio of 4.69.

NCS Multistage (NASDAQ: NCSM) last released its quarterly earnings data on Monday, November 1. The company reported ($ 0.40) EPS for the quarter, missing the consensus estimate of $ 0.05 ($ 0.45). NCS Multistage posted a negative return on equity of 13.77% and a net margin of 1.98%. During the same period of the previous year, the company made EPS ($ 2.00).

A number of hedge funds and other institutional investors have recently changed their positions in NCSM. Morgan Stanley purchased a new stake in NCS Multistage during the 1st quarter valued at $ 39,000. Geode Capital Management LLC strengthened its position in NCS Multistage by 17.8% during the 2nd quarter. Geode Capital Management LLC now owns 8,612 shares of the company valued at $ 261,000 after acquiring 1,302 additional shares in the last quarter. Finally, Renaissance Technologies LLC strengthened its position in NCS Multistage by 6.2% during the second quarter. Renaissance Technologies LLC now owns 8,616 shares of the company valued at $ 272,000 after acquiring 505 additional shares during the last quarter. 77.50% of the shares are currently held by institutional investors and hedge funds.

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Separately, TheStreet downgraded NCS Multistage from a “d” rating to a “c-” rating in a report released on Tuesday, November 2.

NCS Multi-Step Company Profile

NCS Multistage Holdings, Inc is committed to providing engineering products and services that facilitate the optimization of oil and natural gas well completions and field development strategies. It offers fracturing systems, repeat accuracy, tracer diagnostics and well construction. The company was founded by Robert Nipper and Marty Stromquist in 2006 and is headquartered in Houston, Texas.

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