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

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. Currently, 5.0% of the company’s stock are sold short. Based on an average trading volume of 736,900 shares, the days-to-cover ratio is presently 2.2 days.

Analysts Set New Price Targets

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

Target Hospitality Stock Down 1.1 %

Target Hospitality stock traded down $0.06 during trading on Monday, hitting $5.55. The stock had a trading volume of 610,938 shares, compared to its average volume of 604,123. The stock’s 50 day moving average is $9.19 and its two-hundred day moving average is $8.86. Target Hospitality has a 1 year low of $4.00 and a 1 year high of $11.84. The stock has a market cap of $549.12 million, a price-to-earnings ratio of 6.38, a price-to-earnings-growth ratio of 1.81 and a beta of 2.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. AlphaQuest LLC boosted its holdings in Target Hospitality by 275.9% in the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock worth $44,000 after buying an additional 3,360 shares during the period. Intech Investment Management LLC bought a new position in shares of Target Hospitality in the third quarter worth $87,000. Maridea Wealth Management LLC purchased a new position in shares of Target Hospitality in the fourth quarter valued at $103,000. Two Sigma Advisers LP bought a new stake in shares of Target Hospitality during the 4th quarter valued at $105,000. Finally, XTX Topco Ltd purchased a new stake in Target Hospitality during the 4th quarter worth about $113,000. Institutional investors own 32.40% of the company’s stock.

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.