NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Short Interest Down 31.5% in October

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 7,600 shares, a decrease of 31.5% from the September 30th total of 11,100 shares. Based on an average trading volume of 14,600 shares, the short-interest ratio is currently 0.5 days. Approximately 1.1% of the shares of the stock are sold short. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 14,600 shares, the short-interest ratio is currently 0.5 days.

NCS Multistage Stock Down 1.7%

NCSM opened at $36.70 on Friday. The business's fifty day moving average is $43.94 and its two-hundred day moving average is $35.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.83 and a current ratio of 4.66. The company has a market cap of $93.25 million, a price-to-earnings ratio of 8.08 and a beta of 0.75. NCS Multistage has a one year low of $17.30 and a one year high of $53.69.

NCS Multistage (NASDAQ:NCSM - Get Free Report) last posted its earnings results on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.20. NCS Multistage had a return on equity of 12.27% and a net margin of 6.89%.The company had revenue of $46.54 million for the quarter, compared to the consensus estimate of $46.10 million.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Zacks Research lowered NCS Multistage from a "strong-buy" rating to a "hold" rating in a report on Friday, October 3rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of NCS Multistage in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, NCS Multistage has a consensus rating of "Hold".

Read Our Latest Stock Report on NCS Multistage

Insiders Place Their Bets

In related news, Director Valerie A. Mitchell sold 1,969 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $30.16, for a total transaction of $59,385.04. Following the transaction, the director owned 23,551 shares of the company's stock, valued at $710,298.16. This represents a 7.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 10.00% of the stock is owned by corporate insiders.

Institutional Trading of NCS Multistage

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bailard Inc. purchased a new stake in shares of NCS Multistage in the first quarter valued at $249,000. NewEdge Advisors LLC lifted its position in shares of NCS Multistage by 3,774.4% in the second quarter. NewEdge Advisors LLC now owns 8,175 shares of the company's stock valued at $241,000 after acquiring an additional 7,964 shares in the last quarter. Inspire Advisors LLC purchased a new stake in shares of NCS Multistage in the second quarter valued at $430,000. Finally, Empowered Funds LLC lifted its position in shares of NCS Multistage by 7.3% in the first quarter. Empowered Funds LLC now owns 21,489 shares of the company's stock valued at $752,000 after acquiring an additional 1,455 shares in the last quarter. 70.91% of the stock is currently owned by hedge funds and other institutional investors.

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.

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