Short Interest in Enservco Co. (NYSEAMERICAN:ENSV) Increases By 111.4%

Enservco Co. (NYSEAMERICAN:ENSV) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 1,450,000 shares, an increase of 111.4% from the May 31st total of 685,800 shares. Currently, 5.7% of the company’s stock are short sold. Based on an average daily trading volume, of 810,400 shares, the short-interest ratio is currently 1.8 days.

Enservco Trading Up 6.9 %

Shares of NYSEAMERICAN:ENSV opened at $0.23 on Friday. The firm has a market cap of $6.35 million, a P/E ratio of -0.74 and a beta of 1.13. The company has a quick ratio of 0.52, a current ratio of 0.54 and a debt-to-equity ratio of 3.10. Enservco has a 1-year low of $0.15 and a 1-year high of $0.50.

Enservco (NYSEAMERICAN:ENSV) last announced its quarterly earnings data on Wednesday, May 15th. The oil and gas producer reported $0.03 EPS for the quarter. The company had revenue of $9.79 million during the quarter. Enservco had a negative net margin of 29.53% and a negative return on equity of 1,992.06%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Enservco in a research report on Tuesday, June 25th. They issued a “sell” rating on the stock.

About Enservco

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.