Target Hospitality Corp. (NASDAQ:TH) Short Interest Up 31.7% in April

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 1,370,000 shares, a growth of 31.7% from the April 15th total of 1,040,000 shares. Currently, 4.3% of the shares of the company are sold short. Based on an average trading volume of 576,000 shares, the days-to-cover ratio is currently 2.4 days.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TH. Stifel Nicolaus reaffirmed a "hold" rating and issued a $12.00 target price (down from $13.00) on shares of Target Hospitality in a research report on Friday, April 12th. TheStreet downgraded Target Hospitality from a "b" rating to a "c+" rating in a research report on Monday, January 22nd. Finally, Oppenheimer dropped their price target on Target Hospitality from $12.00 to $10.00 and set an "outperform" rating for the company in a report on Monday, March 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd raised its stake in shares of Target Hospitality by 13.9% during the first quarter. Covestor Ltd now owns 8,925 shares of the company's stock valued at $97,000 after acquiring an additional 1,092 shares during the last quarter. Vanguard Group Inc. raised its stake in 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 buying an additional 26,796 shares in the last quarter. Bleakley Financial Group LLC bought a new position in Target Hospitality in the first quarter worth about $122,000. BNP Paribas Financial Markets raised its stake in Target Hospitality by 10.1% in the first quarter. BNP Paribas Financial Markets now owns 45,231 shares of the company's stock worth $492,000 after buying an additional 4,161 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Target Hospitality by 14.7% in the first quarter. Principal Financial Group Inc. now owns 26,665 shares of the company's stock worth $290,000 after buying an additional 3,419 shares in the last quarter. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Target Hospitality Trading Down 0.8 %

Shares of TH stock traded down $0.09 during mid-day trading on Friday, hitting $11.57. The company's stock had a trading volume of 225,426 shares, compared to its average volume of 455,116. The company's fifty day simple moving average is $10.33 and its 200-day simple moving average is $10.35. Target Hospitality has a 52 week low of $8.49 and a 52 week high of $16.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.57 and a current ratio of 2.78. The company has a market cap of $1.16 billion, a PE ratio of 8.51, a P/E/G ratio of 1.15 and a beta of 2.06.

Target Hospitality (NASDAQ:TH - Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.05. The firm had revenue of $106.70 million for the quarter, compared to the consensus estimate of $101.97 million. Target Hospitality had a return on equity of 41.41% and a net margin of 27.37%. The company's revenue was down 27.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 EPS. As a group, equities research analysts expect that Target Hospitality will post 0.7 earnings per share for the current fiscal year.

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.