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.

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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.

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