Target Hospitality Corp. (NASDAQ:TH) Short Interest Up 29.6% in August

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 2,630,000 shares, a growth of 29.6% from the July 31st total of 2,030,000 shares. Approximately 8.2% of the company's stock are short sold. Based on an average daily volume of 397,100 shares, the days-to-cover ratio is currently 6.6 days. Based on an average daily volume of 397,100 shares, the days-to-cover ratio is currently 6.6 days. Approximately 8.2% of the company's stock are short sold.

Hedge Funds Weigh In On Target Hospitality

Hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc boosted 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 valued at $30,000 after acquiring an additional 3,864 shares during the period. Two Sigma Advisers LP acquired a new position in Target Hospitality in the fourth quarter valued at approximately $105,000. Price T Rowe Associates Inc. MD boosted its stake in Target Hospitality by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company's stock valued at $119,000 after acquiring an additional 1,650 shares during the period. Royce & Associates LP boosted its stake in Target Hospitality by 44.0% in the first quarter. Royce & Associates LP now owns 15,783 shares of the company's stock valued at $104,000 after acquiring an additional 4,819 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in Target Hospitality in the first quarter valued at approximately $108,000. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Target Hospitality Stock Down 0.9%

NASDAQ:TH traded down $0.08 during mid-day trading on Friday, hitting $8.83. The company had a trading volume of 354,980 shares, compared to its average volume of 412,646. The business has a fifty day simple moving average of $8.20 and a 200-day simple moving average of $7.22. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $881.05 million, a price-to-earnings ratio of 88.30 and a beta of 2.00. Target Hospitality has a 1 year low of $4.00 and a 1 year high of $11.10.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TH. Wall Street Zen cut Target Hospitality from a "hold" rating to a "sell" rating in a research note on Saturday. Stifel Nicolaus raised Target Hospitality from a "hold" rating to a "buy" rating and raised their price objective for the company from $7.50 to $11.00 in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Target Hospitality presently has a consensus rating of "Buy" and a consensus target price of $13.00.

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.