Target Hospitality Corp. (NASDAQ:TH) Short Interest Down 35.5% in November

Target Hospitality Corp. (NASDAQ:TH) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 1,070,000 shares, a decrease of 35.5% from the October 31st total of 1,660,000 shares. Based on an average daily trading volume, of 430,500 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.4% of the shares of the stock are sold short.

Target Hospitality Stock Down 0.4 %

NASDAQ:TH traded down $0.03 during midday trading on Friday, hitting $8.27. The stock had a trading volume of 141,028 shares, compared to its average volume of 528,412. The stock has a 50-day moving average of $8.09 and a 200 day moving average of $9.08. The company has a market capitalization of $818.23 million, a price-to-earnings ratio of 9.51, a PEG ratio of 0.85 and a beta of 2.09. Target Hospitality has a one year low of $6.11 and a one year high of $11.84.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TH shares. Northland Securities raised their price objective on Target Hospitality from $9.00 to $11.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Oppenheimer reaffirmed a “market perform” rating on shares of Target Hospitality in a research note on Thursday, November 14th.

Institutional Inflows and Outflows

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

About Target Hospitality

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.