US Well Services Inc (NASDAQ:USWS) Sees Significant Growth in Short Interest

US Well Services Inc (NASDAQ:USWS) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 665,100 shares, an increase of 9.4% from the June 30th total of 607,900 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 97,700 shares, the days-to-cover ratio is presently 6.8 days.

Several research analysts have issued reports on USWS shares. Seaport Global Securities started coverage on shares of US Well Services in a research report on Thursday, May 23rd. They issued a “buy” rating and a $10.00 price target on the stock. Zacks Investment Research lowered shares of US Well Services from a “hold” rating to a “sell” rating in a research report on Saturday, July 13th. Finally, Johnson Rice started coverage on shares of US Well Services in a research report on Wednesday, June 12th. They issued a “buy” rating and a $9.00 price target on the stock.

US Well Services stock opened at $2.23 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 1.09. The firm has a market capitalization of $169.57 million and a price-to-earnings ratio of -1.68. US Well Services has a 1 year low of $2.09 and a 1 year high of $11.12. The business has a 50 day simple moving average of $3.75.

Institutional investors have recently bought and sold shares of the business. Strs Ohio acquired a new position in US Well Services in the second quarter worth approximately $26,000. Marshall Wace LLP purchased a new position in US Well Services during the 1st quarter worth approximately $36,000. Marshall Wace North America L.P. purchased a new position in US Well Services during the 1st quarter worth approximately $65,000. Shaolin Capital Management LLC purchased a new position in US Well Services during the 2nd quarter worth approximately $121,000. Finally, Wells Fargo & Company MN purchased a new position in US Well Services during the 2nd quarter worth approximately $132,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

About US Well Services

U.S. Well Services, Inc operates as an oilfield service company in the United States. It provides hydraulic fracturing services for the oil and natural gas exploration and production companies. The company is headquartered in Houston, Texas.

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