Enservco Corp (NYSEAMERICAN:ENSV) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 260,614 shares, a decline of 8.3% from the January 31st total of 284,286 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 83,726 shares, the days-to-cover ratio is currently 3.1 days.
Shares of Enservco (NYSEAMERICAN ENSV) opened at $0.83 on Thursday. The firm has a market capitalization of $42.40, a PE ratio of -5.19 and a beta of 1.69. Enservco has a fifty-two week low of $0.21 and a fifty-two week high of $1.20.
A hedge fund recently raised its stake in Enservco stock. Granahan Investment Management Inc. MA boosted its position in Enservco Corp (NYSEAMERICAN:ENSV) by 43.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 483,338 shares of the oil and gas producer’s stock after buying an additional 145,832 shares during the quarter. Granahan Investment Management Inc. MA owned approximately 0.95% of Enservco worth $258,000 at the end of the most recent quarter.
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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