Target Hospitality Corp. (NASDAQ:TH) Sees Large Growth in Short Interest

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 2,330,000 shares, an increase of 23.9% from the May 15th total of 1,880,000 shares. Currently, 7.3% of the shares of the company are sold short. Based on an average trading volume of 511,600 shares, the short-interest ratio is currently 4.6 days.

Institutional Investors Weigh In On Target Hospitality

A number of large investors have recently added to or reduced their stakes in the company. AlphaQuest LLC increased its holdings in shares of Target Hospitality by 275.9% in the fourth 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 period. Maridea Wealth Management LLC purchased a new position in shares of Target Hospitality in the fourth quarter worth about $103,000. Royce & Associates LP increased its holdings in shares of Target Hospitality by 44.0% in the first quarter. Royce & Associates LP now owns 15,783 shares of the company's stock worth $104,000 after buying an additional 4,819 shares during the period. Two Sigma Advisers LP purchased a new position in shares of Target Hospitality in the fourth quarter worth about $105,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Target Hospitality in the first quarter worth about $108,000. Hedge funds and other institutional investors own 32.40% of the company's stock.

Target Hospitality Price Performance

Shares of TH stock remained flat at $7.08 on Friday. The company had a trading volume of 1,180,276 shares, compared to its average volume of 557,727. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.97 and a quick ratio of 1.97. Target Hospitality has a one year low of $4.00 and a one year high of $11.10. The firm has a market cap of $703.47 million, a P/E ratio of 16.47 and a beta of 1.85. The company has a 50-day simple moving average of $6.97 and a 200 day simple moving average of $7.75.

Target Hospitality (NASDAQ:TH - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). Target Hospitality had a return on equity of 11.34% and a net margin of 12.71%. The business had revenue of $69.90 million during the quarter, compared to analysts' expectations of $65.37 million. During the same quarter last year, the business posted $0.20 EPS. The company's quarterly revenue was down 34.5% on a year-over-year basis. Research analysts expect that Target Hospitality will post 0.65 EPS for the current year.

Wall Street Analysts Forecast Growth

TH has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on Target Hospitality from $5.00 to $7.50 and gave the company a "hold" rating in a report on Monday, March 31st. Wall Street Zen raised Target Hospitality from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Target Hospitality has an average rating of "Moderate Buy" and an average price target of $11.25.

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.