NCS Multistage Holdings, Inc. (NASDAQ:NCSM – Get Rating) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,400 shares, a drop of 52.9% from the March 15th total of 5,100 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 7,400 shares, the days-to-cover ratio is currently 0.3 days.
NASDAQ:NCSM opened at $47.05 on Thursday. The business’s 50-day moving average is $47.76 and its two-hundred day moving average is $38.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 2.75. NCS Multistage has a 12 month low of $21.64 and a 12 month high of $62.53. The firm has a market capitalization of $113.20 million, a PE ratio of -23.29 and a beta of 1.53.
Large investors have recently added to or reduced their stakes in the business. Morgan Stanley purchased a new position in NCS Multistage in the first quarter valued at about $39,000. Gagnon Securities LLC raised its position in NCS Multistage by 71.3% in the fourth quarter. Gagnon Securities LLC now owns 17,368 shares of the company’s stock valued at $503,000 after purchasing an additional 7,228 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of NCS Multistage by 0.7% during the fourth quarter. American Century Companies Inc. now owns 65,556 shares of the company’s stock valued at $1,901,000 after acquiring an additional 479 shares in the last quarter. 77.28% of the stock is currently owned by institutional investors.
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. Its products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, accelus sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.
- Get a free copy of the StockNews.com research report on NCS Multistage (NCSM)
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