Short Interest in Target Hospitality Corp. (NASDAQ:TH) Decreases By 35.5%

Target Hospitality Corp. (NASDAQ:TH) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 1,070,000 shares, a decrease of 35.5% from the October 31st total of 1,660,000 shares. Based on an average daily volume of 430,500 shares, the days-to-cover ratio is currently 2.5 days. Currently, 3.4% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TH. Northland Securities raised their target price on shares of Target Hospitality from $9.00 to $11.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Oppenheimer reaffirmed a “market perform” rating on shares of Target Hospitality in a report on Thursday, November 14th.

Target Hospitality Trading Down 0.4 %

Target Hospitality stock traded down $0.03 during mid-day trading on Friday, hitting $8.27. The stock had a trading volume of 141,028 shares, compared to its average volume of 528,412. Target Hospitality has a one year low of $6.11 and a one year high of $11.84. The firm has a market capitalization of $818.23 million, a P/E ratio of 9.51, a P/E/G ratio of 0.85 and a beta of 2.09. The firm’s 50 day moving average is $8.09 and its 200 day moving average is $9.08.

Hedge Funds Weigh In On Target Hospitality

Several hedge funds have recently modified their holdings of TH. Vanguard Group Inc. increased its holdings in shares of Target Hospitality by 1.5% in the first quarter. Vanguard Group Inc. now owns 1,801,234 shares of the company’s stock worth $19,579,000 after purchasing an additional 26,796 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Target Hospitality by 347.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 17,128 shares of the company’s stock worth $186,000 after acquiring an additional 13,301 shares during the last quarter. Crestmont Private Wealth LLC increased its stake in Target Hospitality by 94.7% in the 2nd quarter. Crestmont Private Wealth LLC now owns 89,972 shares of the company’s stock worth $784,000 after acquiring an additional 43,772 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Target Hospitality by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 59,584 shares of the company’s stock worth $519,000 after acquiring an additional 1,318 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Target Hospitality by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 269,501 shares of the company’s stock valued at $2,347,000 after acquiring an additional 6,636 shares during the last quarter. Hedge funds and other 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.