Short Interest in Enservco Co. (NYSEAMERICAN:ENSV) Expands By 58.4%

Enservco Co. (NYSEAMERICAN:ENSVGet Free Report) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 287,600 shares, an increase of 58.4% from the January 15th total of 181,600 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily volume of 191,100 shares, the short-interest ratio is presently 1.5 days.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Enservco in a report on Thursday, February 8th. They set a “sell” rating on the stock.

Check Out Our Latest Stock Analysis on Enservco

Enservco Price Performance

Shares of Enservco stock opened at $0.21 on Tuesday. The firm has a fifty day simple moving average of $0.35. The company has a market cap of $5.61 million, a P/E ratio of -0.44 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.66 and a debt-to-equity ratio of 3.70. Enservco has a 52 week low of $0.17 and a 52 week high of $1.11.

Enservco (NYSEAMERICAN:ENSVGet Free Report) last announced its quarterly earnings results on Tuesday, November 14th. The oil and gas producer reported ($0.13) EPS for the quarter. The firm had revenue of $2.94 million for the quarter. Enservco had a negative net margin of 37.49% and a negative return on equity of 369.83%.

Hedge Funds Weigh In On Enservco

Several institutional investors have recently made changes to their positions in ENSV. United Asset Strategies Inc. grew its stake in Enservco by 74.1% in the third quarter. United Asset Strategies Inc. now owns 82,625 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 35,170 shares during the last quarter. CVI Holdings LLC purchased a new position in Enservco in the first quarter valued at about $334,000. Susquehanna International Group LLP grew its stake in Enservco by 220.6% in the first quarter. Susquehanna International Group LLP now owns 71,176 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 48,976 shares during the last quarter. Renaissance Technologies LLC grew its stake in Enservco by 852.8% in the first quarter. Renaissance Technologies LLC now owns 184,852 shares of the oil and gas producer’s stock valued at $88,000 after purchasing an additional 165,452 shares during the last quarter. Finally, Virtu Financial LLC grew its stake in Enservco by 87.8% in the first quarter. Virtu Financial LLC now owns 88,437 shares of the oil and gas producer’s stock valued at $239,000 after purchasing an additional 41,346 shares during the last quarter. Hedge funds and other institutional investors own 5.70% of the company’s stock.

Enservco Company Profile

(Get Free Report)

Enservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry. It offers hot oiling and acidizing, frac water heating, pressure testing, acidizing, and water hauling services, as well as well site construction services.

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