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

Target Hospitality Corp. (NASDAQ:TH) saw a large growth in short interest in 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 trading volume, of 484,200 shares, the short-interest ratio is presently 2.7 days. Currently, 4.0% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

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

Target Hospitality Stock Up 1.5 %

Shares of NASDAQ TH traded up $0.15 during trading on Friday, hitting $9.88. The company had a trading volume of 341,944 shares, compared to its average volume of 521,887. Target Hospitality has a fifty-two week low of $6.11 and a fifty-two week high of $11.84. The stock has a fifty day simple moving average of $8.53 and a two-hundred day simple moving average of $8.75. 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

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.