Enservco Co. (NYSEAMERICAN:ENSV) Sees Large Drop in Short Interest

Enservco Co. (NYSEAMERICAN:ENSV) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 641,900 shares, a decline of 13.5% from the September 15th total of 742,000 shares. Based on an average daily trading volume, of 655,900 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.5% of the shares of the stock are sold short.

Enservco Stock Performance

NYSEAMERICAN ENSV remained flat at $0.15 on Wednesday. 518,413 shares of the company were exchanged, compared to its average volume of 620,503. The firm has a market cap of $4.15 million, a price-to-earnings ratio of -0.48 and a beta of 1.18. Enservco has a 12-month low of $0.10 and a 12-month high of $0.50. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.52 and a current ratio of 0.54.

Enservco (NYSEAMERICAN:ENSV) last released its quarterly earnings data on Wednesday, August 14th. The oil and gas producer reported ($0.08) EPS for the quarter. The company had revenue of $3.76 million during the quarter. Enservco had a negative net margin of 29.53% and a negative return on equity of 1,992.06%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Enservco in a research note on Tuesday, June 25th. They set a “sell” rating on the stock.

Enservco Company Profile

Enservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry. It offers hot oiling and acidizing, frac water heating, pressure testing, acidizing, and water hauling services, as well as well site construction services.