Tidewater Midstream and Infrastructure Ltd. (OTCMKTS:TWMIF) Short Interest Up 91.3% in August

Tidewater Midstream and Infrastructure Ltd. (OTCMKTS:TWMIF) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,286,921 shares, an increase of 91.3% from the August 15th total of 672,733 shares. Based on an average daily volume of 50,612 shares, the days-to-cover ratio is presently 25.4 days.

Analysts Set New Price Targets

TWMIF has been the topic of several research analyst reports. Scotiabank restated a “sector perform” rating on shares of Tidewater Midstream and Infrastructure in a report on Friday, August 14th. Royal Bank Of Canada raised shares of Tidewater Midstream and Infrastructure from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Tidewater Midstream and Infrastructure Price Performance

Shares of OTCMKTS TWMIF opened at $16.40 on Wednesday. Tidewater Midstream and Infrastructure has a 52-week low of $3.31 and a 52-week high of $16.96. The business’s 50 day moving average is $14.70 and its two-hundred day moving average is $11.33.

About Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Ltd., trading OTCMKTS under the symbol TWMIF, is a Calgary-based energy infrastructure company specializing in midstream services. The company owns and operates a network of natural gas gathering systems, processing plants and liquids handling facilities. Its core activities include the processing of raw natural gas into marketable products, the transportation of natural gas liquids (NGLs) and condensate, and the storage and marketing of hydrocarbon products.

Operating primarily in the Western Canadian Sedimentary Basin, Tidewater Midstream serves oil and gas producers across Alberta and Saskatchewan.