Target Hospitality Corp. (NASDAQ:TH) Short Interest Up 41.6% in February

Target Hospitality Corp. (NASDAQ:TH) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 1,600,000 shares, a growth of 41.6% from the January 31st total of 1,130,000 shares. Based on an average daily trading volume, of 736,900 shares, the short-interest ratio is presently 2.2 days. Currently, 5.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research firms recently commented on TH. Stifel Nicolaus lowered their price target 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 raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Oppenheimer reissued a “market perform” rating on shares of Target Hospitality in a research note on Thursday, November 14th. Finally, Northland Securities upgraded Target Hospitality from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $11.00 to $15.00 in a report on Wednesday, January 29th.

Hedge Funds Weigh In On Target Hospitality

Several hedge funds and other institutional investors have recently modified their holdings of TH. AlphaQuest LLC grew its stake in Target Hospitality by 275.9% in 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 during the period. Maridea Wealth Management LLC purchased a new stake in shares of Target Hospitality in the 4th quarter worth about $103,000. Two Sigma Advisers LP purchased a new position in Target Hospitality during the 4th quarter valued at about $105,000. Intech Investment Management LLC bought a new stake in Target Hospitality during the third quarter worth about $87,000. Finally, XTX Topco Ltd purchased a new stake in Target Hospitality in the fourth quarter worth about $113,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Target Hospitality Price Performance

Target Hospitality stock traded down $0.06 during mid-day trading on Monday, reaching $5.55. 610,938 shares of the company traded hands, compared to its average volume of 604,123. Target Hospitality has a 52-week low of $4.00 and a 52-week high of $11.84. The firm has a market capitalization of $549.12 million, a price-to-earnings ratio of 6.38, a P/E/G ratio of 1.81 and a beta of 2.07. The firm’s 50 day moving average price is $9.19 and its 200 day moving average price is $8.86.

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.