Enservco Corp (ENSV) Sees Large Decrease in Short Interest

Enservco Corp (NYSEAMERICAN:ENSV) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 284,286 shares, a decrease of 17.8% from the January 12th total of 345,670 shares. Based on an average trading volume of 77,257 shares, the days-to-cover ratio is presently 3.7 days. Approximately 0.7% of the company’s stock are short sold.

Enservco (ENSV) traded down $0.10 during midday trading on Friday, hitting $0.81. 230,532 shares of the stock traded hands, compared to its average volume of 145,119. Enservco has a 12-month low of $0.21 and a 12-month high of $1.20. The company has a market cap of $47.77, a price-to-earnings ratio of -5.06 and a beta of 1.69.

Enservco (NYSEAMERICAN:ENSV) last issued its quarterly earnings results on Tuesday, November 14th. The oil and gas producer reported ($0.05) earnings per share for the quarter. The company had revenue of $5.74 million during the quarter. Enservco had a negative return on equity of 89.94% and a negative net margin of 43.71%.

An institutional investor recently raised its position in Enservco stock. Granahan Investment Management Inc. MA increased its stake in Enservco Corp (NYSEAMERICAN:ENSV) by 43.2% during the third quarter, according to its most recent filing with the SEC. 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 0.95% of Enservco worth $258,000 at the end of the most recent 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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