Short Interest in Target Hospitality Corp. (NASDAQ:TH) Rises By 19.4%

Target Hospitality Corp. (NASDAQ:TH) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 1,290,000 shares, an increase of 19.4% from the November 30th total of 1,080,000 shares. Based on an average daily trading volume, of 484,200 shares, the days-to-cover ratio is currently 2.7 days. Approximately 4.0% of the company’s stock are sold short.

Target Hospitality Price Performance

NASDAQ TH opened at $9.50 on Tuesday. The firm’s fifty day moving average price is $8.53 and its 200 day moving average price is $8.76. Target Hospitality has a 12 month low of $6.11 and a 12 month high of $11.84. The company has a market capitalization of $939.94 million, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Northland Securities upped their price target on Target Hospitality from $9.00 to $11.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Oppenheimer restated a “market perform” rating on shares of Target Hospitality in a research note on Thursday, November 14th.

Hedge Funds Weigh In On Target Hospitality

Several large investors have recently bought and sold shares of TH. Bank of New York Mellon Corp boosted its holdings in shares of Target Hospitality by 2.5% in the second 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 period. Principal Financial Group Inc. grew its position in Target Hospitality by 13.3% during the 2nd quarter. Principal Financial Group Inc. now owns 30,221 shares of the company’s stock worth $263,000 after purchasing an additional 3,556 shares during the last quarter. Rhumbline Advisers increased its stake in Target Hospitality by 5.9% in the second quarter. Rhumbline Advisers now owns 46,867 shares of the company’s stock valued at $408,000 after purchasing an additional 2,613 shares during the period. Quest Partners LLC raised its holdings in shares of Target Hospitality by 4,201.9% in the second quarter. Quest Partners LLC now owns 13,508 shares of the company’s stock valued at $118,000 after buying an additional 13,194 shares during the last quarter. Finally, AdvisorShares Investments LLC boosted its stake in shares of Target Hospitality by 33.2% during the second quarter. AdvisorShares Investments LLC now owns 22,589 shares of the company’s stock worth $192,000 after buying an additional 5,624 shares during the period. Institutional investors and hedge funds 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.