Target Hospitality Corp. (NASDAQ:TH) Sees Large Increase in Short Interest

Target Hospitality Corp. (NASDAQ:TH) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 1,910,000 shares, a growth of 19.4% from the February 13th total of 1,600,000 shares. Approximately 6.0% of the company’s stock are short sold. Based on an average daily trading volume, of 819,200 shares, the days-to-cover ratio is currently 2.3 days.

Wall Street Analysts Forecast Growth

TH has been the topic of several analyst reports. Northland Securities raised shares of Target Hospitality from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $11.00 to $15.00 in a research report on Wednesday, January 29th. Northland Capmk raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus dropped their target price on shares of Target Hospitality from $10.00 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, February 26th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in Target Hospitality by 15.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company’s stock valued at $119,000 after acquiring an additional 1,650 shares during the period. Fox Run Management L.L.C. raised its holdings in Target Hospitality by 17.6% in the 4th quarter. Fox Run Management L.L.C. now owns 14,473 shares of the company’s stock valued at $140,000 after acquiring an additional 2,161 shares during the period. SG Americas Securities LLC grew its position in shares of Target Hospitality by 16.3% during the 4th quarter. SG Americas Securities LLC now owns 16,110 shares of the company’s stock worth $156,000 after purchasing an additional 2,262 shares in the last quarter. AdvisorShares Investments LLC grew its position in shares of Target Hospitality by 13.7% during the 4th quarter. AdvisorShares Investments LLC now owns 24,889 shares of the company’s stock worth $241,000 after purchasing an additional 3,000 shares in the last quarter. Finally, AlphaQuest LLC grew its position in shares of Target Hospitality by 275.9% during the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock worth $44,000 after purchasing an additional 3,360 shares in the last quarter. 32.40% of the stock is owned by institutional investors.

Target Hospitality Stock Up 2.5 %

Target Hospitality stock opened at $5.85 on Wednesday. The stock has a market cap of $578.80 million, a P/E ratio of 6.72, a P/E/G ratio of 1.81 and a beta of 2.15. Target Hospitality has a twelve month low of $4.00 and a twelve month high of $11.84. The company’s 50-day moving average price is $8.32 and its two-hundred day moving average price is $8.54.

Target Hospitality Company Profile

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.