Enservco Corp (NYSEAMERICAN:ENSV) Short Interest Down 17.3% in October

Enservco Corp (NYSEAMERICAN:ENSV) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 537,300 shares, a decrease of 17.3% from the September 30th total of 649,900 shares. Based on an average daily volume of 175,700 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.2% of the company’s shares are sold short.

An institutional investor recently raised its position in Enservco stock. Vanguard Group Inc. boosted its stake in Enservco Corp (NYSEAMERICAN:ENSV) by 30.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,396,840 shares of the oil and gas producer’s stock after acquiring an additional 323,625 shares during the quarter. Vanguard Group Inc. owned about 2.57% of Enservco worth $525,000 at the end of the most recent reporting period.

ENSV opened at $0.16 on Tuesday. Enservco has a 1 year low of $0.14 and a 1 year high of $0.75.

Enservco (NYSEAMERICAN:ENSV) last released its quarterly earnings results on Wednesday, August 14th. The oil and gas producer reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.04). The business had revenue of $7.21 million during the quarter.

Enservco Company Profile

Enservco Corporation, through its subsidiaries, provides oil field services to the onshore oil and natural gas industry in the United States. The company operates through Well Enhancement Services, Water Transfer Services, Water Hauling Services, and Construction Services segments. It offers frac water heating, hot oiling, pressure testing, acidizing, water transfer, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services.

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