Custom Truck One Source, Inc. (NYSE:CTOS) Short Interest Update

Custom Truck One Source, Inc. (NYSE:CTOS) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 4,160,000 shares, a decline of 6.3% from the December 15th total of 4,440,000 shares. Currently, 7.1% of the company’s stock are short sold. Based on an average daily trading volume, of 611,200 shares, the short-interest ratio is currently 6.8 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in shares of Custom Truck One Source by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 266,415 shares of the company’s stock worth $1,159,000 after buying an additional 11,964 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Custom Truck One Source in the 2nd quarter valued at approximately $47,000. Dimensional Fund Advisors LP raised its stake in shares of Custom Truck One Source by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,246,060 shares of the company’s stock worth $9,770,000 after purchasing an additional 410,895 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Custom Truck One Source during the second quarter worth $1,328,000. Finally, Maven Securities LTD purchased a new position in Custom Truck One Source in the 2nd quarter valued at $2,175,000. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Custom Truck One Source Stock Performance

Shares of CTOS stock traded up $0.13 during mid-day trading on Monday, hitting $4.76. 526,705 shares of the stock were exchanged, compared to its average volume of 563,879. The stock’s fifty day simple moving average is $5.11 and its two-hundred day simple moving average is $4.41. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.19 and a current ratio of 1.28. Custom Truck One Source has a 12-month low of $3.03 and a 12-month high of $7.00. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -29.72 and a beta of 0.79.

Custom Truck One Source (NYSE:CTOS) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The firm had revenue of $447.22 million for the quarter, compared to analysts’ expectations of $448.46 million. Custom Truck One Source had a negative return on equity of 4.57% and a negative net margin of 2.22%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS. On average, analysts forecast that Custom Truck One Source will post -0.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer dropped their price objective on Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th.

About Custom Truck One Source

Custom Truck One Source, Inc provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).