Target Hospitality Corp. (NASDAQ:TH) Short Interest Up 19.4% in December

Target Hospitality Corp. (NASDAQ:THGet Free Report) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,290,000 shares, a growth of 19.4% from the November 30th total of 1,080,000 shares. Based on an average daily volume of 484,200 shares, the days-to-cover ratio is currently 2.7 days. Approximately 4.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Target Hospitality

Several large investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC acquired a new position in Target Hospitality during the 3rd quarter worth $87,000. Quest Partners LLC boosted its stake in shares of Target Hospitality by 4,201.9% in the 2nd quarter. Quest Partners LLC now owns 13,508 shares of the company’s stock valued at $118,000 after buying an additional 13,194 shares during the period. SG Americas Securities LLC acquired a new position in shares of Target Hospitality during the third quarter worth about $108,000. The Manufacturers Life Insurance Company grew its position in shares of Target Hospitality by 11.9% during the second quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company’s stock worth $126,000 after buying an additional 1,540 shares in the last quarter. Finally, Creative Planning purchased a new stake in shares of Target Hospitality during the third quarter worth approximately $145,000. 32.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TH shares. Oppenheimer reiterated a “market perform” rating on shares of Target Hospitality in a research report on Thursday, November 14th. Northland Securities boosted their target price on Target Hospitality from $9.00 to $11.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th.

Read Our Latest Report on Target Hospitality

Target Hospitality Stock Up 1.5 %

NASDAQ:TH traded up $0.15 on Friday, reaching $9.88. 341,944 shares of the company’s stock were exchanged, compared to its average volume of 521,887. The business has a fifty day moving average of $8.53 and a 200-day moving average of $8.75. Target Hospitality has a 52-week low of $6.11 and a 52-week high of $11.84. The firm has a market capitalization of $977.54 million, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12.

About Target Hospitality

(Get Free Report)

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services – South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.

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