NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Short Interest Up 80.6% in June

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 53,997 shares, a growth of 80.6% from the May 31st total of 29,900 shares. Based on an average daily trading volume, of 49,294 shares, the short-interest ratio is presently 1.1 days. Approximately 2.3% of the shares of the company are short sold.

Institutional Trading of NCS Multistage

Institutional investors and hedge funds have recently made changes to their positions in the business. Tucker Asset Management LLC bought a new position in shares of NCS Multistage in the 4th quarter worth $34,000. PNC Financial Services Group Inc. increased its stake in shares of NCS Multistage by 342.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock valued at $44,000 after acquiring an additional 668 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of NCS Multistage in the 1st quarter valued at about $223,000. Bank of America Corp DE increased its stake in shares of NCS Multistage by 397,500.0% in the 1st quarter. Bank of America Corp DE now owns 3,976 shares of the company’s stock valued at $246,000 after acquiring an additional 3,975 shares during the last quarter. Finally, Heron Bay Capital Management acquired a new stake in shares of NCS Multistage in the 3rd quarter valued at approximately $222,000. Institutional investors own 70.91% of the company’s stock.

NCS Multistage Price Performance

NASDAQ NCSM opened at $44.59 on Friday. The stock has a market capitalization of $116.83 million, a P/E ratio of 6.45 and a beta of 0.16. NCS Multistage has a 52 week low of $29.26 and a 52 week high of $87.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.48 and a current ratio of 5.35. The stock has a fifty day moving average of $49.97 and a 200-day moving average of $49.73.

NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($1.47). The firm had revenue of $45.64 million for the quarter, compared to analyst estimates of $51.22 million. NCS Multistage had a net margin of 10.78% and a return on equity of 6.58%. On average, equities research analysts forecast that NCS Multistage will post 2.53 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings cut NCS Multistage from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Wall Street Zen cut NCS Multistage from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Zacks Research upgraded shares of NCS Multistage from a “strong sell” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, NCS Multistage currently has a consensus rating of “Moderate Buy”.

About NCS Multistage

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.