Short Interest in Enservco Corp (ENSV) Declines By 19.1%
Enservco Corp (NYSEAMERICAN:ENSV) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 362,989 shares, a decrease of 19.1% from the November 15th total of 448,930 shares. Based on an average trading volume of 83,542 shares, the short-interest ratio is currently 4.3 days. Currently, 0.9% of the shares of the company are sold short.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Granahan Investment Management Inc. MA increased its position in shares of Enservco by 43.2% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 483,338 shares of the oil and gas producer’s stock valued at $258,000 after acquiring an additional 145,832 shares during the period. Hunter Associates Investment Management LLC grew its position in Enservco by 36.6% during the 2nd quarter. Hunter Associates Investment Management LLC now owns 1,030,150 shares of the oil and gas producer’s stock worth $319,000 after purchasing an additional 276,000 shares during the period. Finally, AWM Investment Company Inc. grew its position in Enservco by 11.0% during the 2nd quarter. AWM Investment Company Inc. now owns 3,839,415 shares of the oil and gas producer’s stock worth $1,202,000 after purchasing an additional 381,209 shares during the period.
Enservco (ENSV) opened at $0.65 on Friday. Enservco has a 12-month low of $0.21 and a 12-month high of $0.77.
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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