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

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

Target Hospitality Price Performance

Shares of NASDAQ:TH traded down $0.10 during midday trading on Tuesday, reaching $5.61. 41,163 shares of the company’s stock were exchanged, compared to its average volume of 606,580. The stock has a market cap of $555.06 million, a price-to-earnings ratio of 6.41, a P/E/G ratio of 1.81 and a beta of 2.15. Target Hospitality has a fifty-two week low of $4.00 and a fifty-two week high of $11.84. The firm’s 50 day simple moving average is $8.39 and its two-hundred day simple moving average is $8.57.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of Target Hospitality from $10.00 to $5.00 and set a “hold” rating for the company in a report on Wednesday, February 26th. Northland Capmk upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Northland Securities upgraded shares of Target Hospitality from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $11.00 to $15.00 in a report on Wednesday, January 29th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Target Hospitality by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company’s stock valued at $119,000 after buying an additional 1,650 shares in the last quarter. Fox Run Management L.L.C. boosted its holdings in Target Hospitality by 17.6% during 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 Target Hospitality by 16.3% in the 4th quarter. SG Americas Securities LLC now owns 16,110 shares of the company’s stock valued at $156,000 after acquiring an additional 2,262 shares in the last quarter. AdvisorShares Investments LLC increased its stake in Target Hospitality by 13.7% during the fourth quarter. AdvisorShares Investments LLC now owns 24,889 shares of the company’s stock worth $241,000 after purchasing an additional 3,000 shares during the period. Finally, AlphaQuest LLC lifted its position in shares of Target Hospitality by 275.9% during the fourth 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. Hedge funds and other institutional investors own 32.40% of the company’s stock.

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.