Target Hospitality Corp. (NASDAQ:TH) Short Interest Update

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 2,630,000 shares, agrowthof29.6% from the July 31st total of 2,030,000 shares. Based on an average trading volume of 397,100 shares, the days-to-cover ratio is presently 6.6 days. Currently,8.2% of the shares of the company are sold short. Currently,8.2% of the shares of the company are sold short. Based on an average trading volume of 397,100 shares, the days-to-cover ratio is presently 6.6 days.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TH shares. Stifel Nicolaus raised shares of Target Hospitality from a "hold" rating to a "buy" rating and boosted their target price for the company from $7.50 to $11.00 in a report on Tuesday, August 19th. Wall Street Zen raised shares of Target Hospitality from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $13.00.

Target Hospitality Stock Performance

NASDAQ TH opened at $8.75 on Tuesday. The company has a 50-day simple moving average of $8.08 and a two-hundred day simple moving average of $7.14. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. Target Hospitality has a 12-month low of $4.00 and a 12-month high of $11.10. The firm has a market cap of $873.08 million, a price-to-earnings ratio of 87.50 and a beta of 2.00.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Target Hospitality had a net margin of 3.58% and a return on equity of 3.26%. The business had revenue of $61.61 million for the quarter, compared to analysts' expectations of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Target Hospitality will post 0.65 EPS for the current year.

Institutional Trading of Target Hospitality

A number of institutional investors have recently modified their holdings of TH. AdvisorNet Financial Inc raised its stake in Target Hospitality by 1,305.4% in the second quarter. AdvisorNet Financial Inc now owns 4,160 shares of the company's stock worth $30,000 after buying an additional 3,864 shares in the last quarter. Royce & Associates LP increased its stake in shares of Target Hospitality by 44.0% during the first quarter. Royce & Associates LP now owns 15,783 shares of the company's stock valued at $104,000 after purchasing an additional 4,819 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Target Hospitality during the fourth quarter valued at approximately $105,000. EntryPoint Capital LLC bought a new position in shares of Target Hospitality during the first quarter valued at approximately $108,000. Finally, AQR Capital Management LLC bought a new position in shares of Target Hospitality during the first quarter valued at approximately $114,000. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

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.

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