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

Target Hospitality Corp. (NASDAQ:TH) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 1,600,000 shares, an increase of 41.6% from the January 31st total of 1,130,000 shares. Approximately 5.0% of the company’s stock are sold short. Based on an average daily volume of 736,900 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. AlphaQuest LLC lifted its position in shares of Target Hospitality by 275.9% during 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 last quarter. Maridea Wealth Management LLC purchased a new stake in shares of Target Hospitality during the 4th quarter worth approximately $103,000. Two Sigma Advisers LP purchased a new stake in shares of Target Hospitality during the 4th quarter worth approximately $105,000. Intech Investment Management LLC purchased a new stake in shares of Target Hospitality during the 3rd quarter worth approximately $87,000. Finally, XTX Topco Ltd purchased a new stake in shares of Target Hospitality during the 4th quarter worth approximately $113,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Price Performance

Shares of TH stock traded down $0.04 during trading on Wednesday, reaching $5.46. The company’s stock had a trading volume of 144,951 shares, compared to its average volume of 602,766. The company has a market capitalization of $539.72 million, a price-to-earnings ratio of 6.26, a P/E/G ratio of 1.81 and a beta of 2.07. The stock’s 50-day moving average price is $9.12 and its 200 day moving average price is $8.83. Target Hospitality has a 1-year low of $4.00 and a 1-year high of $11.84.

Wall Street Analyst Weigh In

Several research firms have recently commented on TH. Northland Capmk raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Stifel Nicolaus decreased their price objective on shares of Target Hospitality from $10.00 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, February 26th. Northland Securities raised shares of Target Hospitality from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $11.00 to $15.00 in a research note on Wednesday, January 29th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Target Hospitality in a research note on Thursday, November 14th.

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.