Enservco Co. (NYSEAMERICAN:ENSV) Sees Significant Growth in Short Interest

Enservco Co. (NYSEAMERICAN:ENSV) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 804,900 shares, a growth of 6.1% from the October 15th total of 758,500 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average trading volume of 700,400 shares, the days-to-cover ratio is presently 1.1 days.

Enservco Price Performance

Shares of ENSV traded down $0.01 during midday trading on Tuesday, reaching $0.06. The stock had a trading volume of 49,265 shares, compared to its average volume of 602,293. Enservco has a 12-month low of $0.04 and a 12-month high of $0.38. The company has a current ratio of 0.54, a quick ratio of 0.52 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $1.52 million, a P/E ratio of -0.19 and a beta of 1.18.

About Enservco

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.