Enservco Corp (ENSV) Short Interest Update
Enservco Corp (NYSEAMERICAN:ENSV) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 448,930 shares, an increase of 22.5% from the October 31st total of 366,429 shares. Based on an average daily volume of 441,784 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.1% of the company’s stock are short sold.
Separately, ValuEngine upgraded Enservco from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 22nd.
Enservco (ENSV) opened at $0.74 on Friday. Enservco has a twelve month low of $0.21 and a twelve month high of $0.77.
In other news, Director Cross River Capital Management acquired 218,572 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was acquired at an average price of $0.43 per share, for a total transaction of $93,985.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Institutional investors and hedge funds have recently bought and sold shares of the business. AWM Investment Company Inc. raised its holdings in Enservco by 11.0% in the second quarter. AWM Investment Company Inc. now owns 3,839,415 shares of the oil and gas producer’s stock worth $1,202,000 after purchasing an additional 381,209 shares in the last quarter. Hunter Associates Investment Management LLC increased its holdings in shares of Enservco by 36.6% during the second quarter. Hunter Associates Investment Management LLC now owns 1,030,150 shares of the oil and gas producer’s stock valued at $319,000 after acquiring an additional 276,000 shares in the last quarter. Finally, Granahan Investment Management Inc. MA increased its holdings in shares of Enservco by 43.2% during the third quarter. Granahan Investment Management Inc. MA now owns 483,338 shares of the oil and gas producer’s stock valued at $258,000 after acquiring an additional 145,832 shares in the last quarter.
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Enservco Company Profile
Enservco Corporation provides well and fluid management services to the domestic onshore oil and natural gas industry. The Company’s services include frac water heating, hot oiling and acidizing (well enhancement services), and water transfer, water treatment, water hauling, fluid disposal, frac tank rental (fluid management services) and other general oilfield services.
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