Short Interest in NRC Group Holdings Corp (NRCG) Rises By 362.5%

NRC Group Holdings Corp (NYSEAMERICAN:NRCG) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 104,372 shares, an increase of 362.5% from the December 14th total of 22,569 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 82,255 shares, the short-interest ratio is currently 1.3 days.

In other news, Director James R. Baumgardner bought 5,000 shares of the company’s stock in a transaction dated Friday, November 30th. The shares were purchased at an average price of $6.79 per share, for a total transaction of $33,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Separately, Stifel Nicolaus initiated coverage on shares of NRC Group in a research note on Monday, December 3rd. They issued a “buy” rating and a $6.81 target price on the stock.

Shares of NYSEAMERICAN NRCG opened at $9.15 on Friday. NRC Group has a 52-week low of $6.41 and a 52-week high of $11.00.

COPYRIGHT VIOLATION NOTICE: “Short Interest in NRC Group Holdings Corp (NRCG) Rises By 362.5%” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2019/01/12/short-interest-in-nrc-group-holdings-corp-nrcg-rises-by-362-5.html.

About NRC Group

NRC Group Holdings Corp. provides various environmental, compliance, and waste management services to the marine and rail transportation, general industrial, and energy markets. The company is based in Great River, New York.

Further Reading: How to interpret a stock’s beta number

Receive News & Ratings for NRC Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NRC Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply