Short Interest in Target Hospitality Corp. (NASDAQ:TH) Expands By 41.6%

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 1,600,000 shares, an increase of 41.6% from the January 31st total of 1,130,000 shares. Approximately 5.0% of the company's shares are sold short. Based on an average daily volume of 736,900 shares, the short-interest ratio is presently 2.2 days.

Target Hospitality Price Performance

TH stock traded down $0.04 during trading hours on Friday, reaching $5.85. 863,828 shares of the stock were exchanged, compared to its average volume of 613,966. The firm's 50-day moving average is $8.96 and its 200-day moving average is $8.78. Target Hospitality has a 12 month low of $4.00 and a 12 month high of $11.84. The company has a market cap of $578.80 million, a price-to-earnings ratio of 6.72, a PEG ratio of 1.81 and a beta of 2.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TH. AlphaQuest LLC boosted its holdings in 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 during the last quarter. Intech Investment Management LLC bought a new stake in Target Hospitality during the 3rd quarter worth about $87,000. Maridea Wealth Management LLC acquired a new position in shares of Target Hospitality during the 4th quarter worth about $103,000. Two Sigma Advisers LP bought a new position in shares of Target Hospitality in the 4th quarter valued at about $105,000. Finally, XTX Topco Ltd acquired a new stake in shares of Target Hospitality in the fourth quarter valued at about $113,000. 32.40% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts recently commented on TH shares. Northland Securities raised Target Hospitality from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $11.00 to $15.00 in a research note on Wednesday, January 29th. Northland Capmk raised Target Hospitality from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Oppenheimer reiterated a "market perform" rating on shares of Target Hospitality in a research report on Thursday, November 14th. Finally, Stifel Nicolaus lowered their target price on Target Hospitality from $10.00 to $5.00 and set a "hold" rating for the company in a research note on Wednesday, February 26th.

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.