Short Interest in Enservco Co. (NYSEAMERICAN:ENSV) Increases By 111.4%

Enservco Co. (NYSEAMERICAN:ENSV) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,450,000 shares, an increase of 111.4% from the May 31st total of 685,800 shares. Approximately 5.7% of the shares of the company are short sold. Based on an average daily volume of 810,400 shares, the days-to-cover ratio is presently 1.8 days.

Enservco Trading Up 6.9 %

Shares of ENSV stock opened at $0.23 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.54 and a quick ratio of 0.52. The company has a market cap of $6.35 million, a P/E ratio of -0.74 and a beta of 1.13. Enservco has a twelve month low of $0.15 and a twelve month high of $0.50.

Enservco (NYSEAMERICAN:ENSV) last announced its quarterly earnings results on Wednesday, May 15th. The oil and gas producer reported $0.03 earnings per share for the quarter. Enservco had a negative return on equity of 1,992.06% and a negative net margin of 29.53%. The company had revenue of $9.79 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Enservco in a research report on Tuesday, June 25th. They set a “sell” rating for the company.

Enservco Company Profile

Enservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry. It offers hot oiling and acidizing, frac water heating, pressure testing, acidizing, and water hauling services, as well as well site construction services.