Enservco Co. (NYSEAMERICAN:ENSV) Sees Significant Decrease in Short Interest

Enservco Co. (NYSEAMERICAN:ENSV) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 711,900 shares, a drop of 8.4% from the August 15th total of 777,600 shares. Based on an average daily trading volume, of 697,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.6% of the shares of the stock are short sold.

Enservco Trading Down 5.7 %

NYSEAMERICAN ENSV traded down $0.01 during trading on Wednesday, reaching $0.12. 164,271 shares of the company’s stock were exchanged, compared to its average volume of 570,766. Enservco has a fifty-two week low of $0.11 and a fifty-two week high of $0.50. The firm has a market capitalization of $3.37 million, a PE ratio of -0.42 and a beta of 1.18. The company has a current ratio of 0.54, a quick ratio of 0.52 and a debt-to-equity ratio of 3.10.

Enservco (NYSEAMERICAN:ENSV) last announced its quarterly earnings data on Wednesday, August 14th. The oil and gas producer reported ($0.08) EPS for the quarter. Enservco had a negative return on equity of 1,992.06% and a negative net margin of 29.53%. The business had revenue of $3.76 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Enservco in a research note on Tuesday, June 25th. They set a “sell” rating for the company.

Enservco Company Profile

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.