Short Interest in Target Hospitality Corp. (NASDAQ:TH) Rises By 19.4%

Target Hospitality Corp. (NASDAQ:TH) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 1,910,000 shares, an increase of 19.4% from the February 13th total of 1,600,000 shares. Based on an average daily volume of 819,200 shares, the short-interest ratio is presently 2.3 days. Currently, 6.0% of the shares of the stock are sold short.

Target Hospitality Stock Down 1.8 %

Shares of Target Hospitality stock traded down $0.10 during mid-day trading on Tuesday, reaching $5.61. 41,163 shares of the stock traded hands, compared to its average volume of 606,580. The business has a 50-day moving average of $8.39 and a 200 day moving average of $8.57. The stock has a market capitalization of $555.06 million, a PE ratio of 6.41, a PEG ratio of 1.81 and a beta of 2.15. Target Hospitality has a fifty-two week low of $4.00 and a fifty-two week high of $11.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TH. Empyrean Capital Partners LP acquired a new stake in shares of Target Hospitality in the fourth quarter valued at about $9,781,000. Teacher Retirement System of Texas acquired a new stake in Target Hospitality in the 4th quarter valued at about $2,705,000. Shay Capital LLC acquired a new stake in Target Hospitality in the 4th quarter valued at about $2,667,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Target Hospitality by 32.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company’s stock worth $9,749,000 after purchasing an additional 245,252 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Target Hospitality by 420.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 199,358 shares of the company’s stock worth $1,927,000 after purchasing an additional 161,036 shares during the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Analysts Set New Price Targets

TH has been the topic of a number of recent analyst reports. Northland Securities upgraded Target Hospitality from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $11.00 to $15.00 in a research report on Wednesday, January 29th. Stifel Nicolaus decreased their target price on Target Hospitality from $10.00 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, February 26th. Finally, Northland Capmk raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th.

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.