Target Hospitality Corp. (NASDAQ:TH) Short Interest Update

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,290,000 shares, an increase of 19.4% from the November 30th total of 1,080,000 shares. Based on an average daily volume of 484,200 shares, the short-interest ratio is presently 2.7 days. Currently, 4.0% of the company's shares are short sold.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Oppenheimer reissued a "market perform" rating on shares of Target Hospitality in a research note on Thursday, November 14th. Northland Securities lifted their price objective on Target Hospitality from $9.00 to $11.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 13th.

Target Hospitality Trading Up 1.5 %

Target Hospitality stock traded up $0.15 during trading on Friday, hitting $9.88. 341,944 shares of the company were exchanged, compared to its average volume of 521,887. The company has a market capitalization of $977.54 million, a P/E ratio of 11.36, a PEG ratio of 0.89 and a beta of 2.12. The business's 50 day moving average is $8.53 and its 200 day moving average is $8.76. Target Hospitality has a 52 week low of $6.11 and a 52 week high of $11.84.

Hedge Funds Weigh In On Target Hospitality

Hedge funds have recently modified their holdings of the company. Intech Investment Management LLC purchased a new stake in shares of Target Hospitality during the 3rd quarter valued at $87,000. SG Americas Securities LLC bought a new position in Target Hospitality during the third quarter valued at about $108,000. Quest Partners LLC increased its holdings 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 raised its position in Target Hospitality by 11.9% in the second quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company's stock worth $126,000 after acquiring an additional 1,540 shares during the period. Finally, Creative Planning bought a new stake in shares of Target Hospitality in the third quarter valued at $145,000. 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.