Short Interest in Target Hospitality Corp. (NASDAQ:TH) Grows By 27.1%

Target Hospitality Corp. (NASDAQ:TH) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 1,500,000 shares, an increase of 27.1% from the June 30th total of 1,180,000 shares. Based on an average daily volume of 611,600 shares, the days-to-cover ratio is presently 2.5 days. Approximately 4.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TH. Voss Capital LLC purchased a new stake in shares of Target Hospitality in the fourth quarter valued at approximately $13,127,000. Tyro Capital Management LLC acquired a new position in shares of Target Hospitality during the 4th quarter worth $11,284,000. Yarra Square Partners LP increased its holdings in shares of Target Hospitality by 2.4% in the 4th quarter. Yarra Square Partners LP now owns 444,208 shares of the company’s stock valued at $4,322,000 after purchasing an additional 10,208 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Target Hospitality by 44.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,689,440 shares of the company’s stock worth $26,828,000 after acquiring an additional 523,398 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Target Hospitality by 10.1% in the first quarter. BNP Paribas Financial Markets now owns 45,231 shares of the company’s stock valued at $492,000 after buying an additional 4,161 shares in the last quarter. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Target Hospitality Stock Down 1.1 %

Shares of NASDAQ TH traded down $0.10 during midday trading on Monday, hitting $9.16. 250,909 shares of the company’s stock were exchanged, compared to its average volume of 584,288. The firm’s fifty day simple moving average is $9.38 and its 200-day simple moving average is $9.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.78 and a quick ratio of 2.78. The company has a market cap of $918.56 million, a PE ratio of 6.81, a P/E/G ratio of 1.00 and a beta of 2.14. Target Hospitality has a twelve month low of $6.11 and a twelve month high of $16.73.

Target Hospitality (NASDAQ:TH) last posted its earnings results on Wednesday, May 8th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. Target Hospitality had a net margin of 27.37% and a return on equity of 41.41%. The firm had revenue of $106.70 million for the quarter, compared to the consensus estimate of $101.97 million. During the same period last year, the firm posted $0.40 EPS. The company’s revenue was down 27.8% on a year-over-year basis. Research analysts predict that Target Hospitality will post 0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reissued a “hold” rating and issued a $12.00 price objective (down previously from $13.00) on shares of Target Hospitality in a research note on Friday, April 12th.

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.