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

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) saw 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 stock are short sold. Based on an average daily volume of 819,200 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Trading of Target Hospitality

Several institutional investors have recently bought and sold shares of TH. Victory Capital Management Inc. lifted its stake in shares of Target Hospitality by 48.5% in the third quarter. Victory Capital Management Inc. now owns 37,504 shares of the company's stock worth $292,000 after buying an additional 12,242 shares in the last quarter. Intech Investment Management LLC bought a new position in Target Hospitality in the 3rd quarter valued at approximately $87,000. Charles Schwab Investment Management Inc. boosted its stake in Target Hospitality by 28.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,590 shares of the company's stock valued at $2,113,000 after purchasing an additional 60,569 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Target Hospitality by 154.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company's stock worth $651,000 after purchasing an additional 50,758 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Target Hospitality by 10.1% in the third quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company's stock worth $11,408,000 after purchasing an additional 134,966 shares during the last quarter. 32.40% of the stock is owned by hedge funds and other institutional investors.

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Target Hospitality Trading Up 0.5 %

NASDAQ:TH traded up $0.03 during trading hours on Friday, reaching $5.98. 1,121,396 shares of the company traded hands, compared to its average volume of 606,272. The business's 50-day moving average price is $8.10 and its two-hundred day moving average price is $8.47. Target Hospitality has a 1 year low of $4.00 and a 1 year high of $11.84. The stock has a market capitalization of $591.67 million, a P/E ratio of 6.87, a P/E/G ratio of 1.81 and a beta of 2.15.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TH shares. Northland Securities raised Target Hospitality from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $11.00 to $15.00 in a research note on Wednesday, January 29th. Stifel Nicolaus reduced their target price on shares of Target Hospitality from $10.00 to $5.00 and set a "hold" rating on the stock in a research report on Wednesday, February 26th. Finally, Northland Capmk upgraded shares of Target Hospitality from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 29th.

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.