Enservco Corp (NYSEAMERICAN:ENSV) was the target of a large increase in short interest during the month of February. As of February 14th, there was short interest totalling 1,450,000 shares, an increase of 66.3% from the January 30th total of 872,100 shares. Based on an average daily volume of 542,800 shares, the short-interest ratio is currently 2.7 days. Approximately 3.1% of the shares of the company are short sold.
Shares of NYSEAMERICAN ENSV traded down $0.02 during mid-day trading on Wednesday, hitting $0.14. The company had a trading volume of 2,339,800 shares, compared to its average volume of 1,596,561. Enservco has a 12 month low of $0.12 and a 12 month high of $0.72.
An institutional investor recently raised its position in Enservco stock. Vanguard Group Inc. increased its stake in Enservco Corp (NYSEAMERICAN:ENSV) by 30.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,396,840 shares of the oil and gas producer’s stock after purchasing an additional 323,625 shares during the period. Vanguard Group Inc. owned 2.57% of Enservco worth $525,000 at the end of the most recent reporting period.
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.
Recommended Story: Purposes and Functions of the Federal Reserve
Receive News & Ratings for Enservco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enservco and related companies with MarketBeat.com's FREE daily email newsletter.