Short Interest in U.S. Well Services, Inc. (NASDAQ:USWS) Rises By 18.9%

U.S. Well Services, Inc. (NASDAQ:USWSGet Rating) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 5,590,000 shares, a growth of 18.9% from the March 31st total of 4,700,000 shares. Currently, 10.5% of the shares of the company are sold short. Based on an average daily trading volume, of 5,480,000 shares, the short-interest ratio is presently 1.0 days.

A number of large investors have recently bought and sold shares of the business. Morgan Stanley acquired a new stake in shares of U.S. Well Services in the second quarter valued at about $1,661,000. Millennium Management LLC raised its position in shares of U.S. Well Services by 249.5% in the second quarter. Millennium Management LLC now owns 162,389 shares of the company’s stock valued at $164,000 after buying an additional 115,926 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of U.S. Well Services in the third quarter valued at about $88,000. Jane Street Group LLC acquired a new stake in shares of U.S. Well Services in the third quarter valued at about $84,000. Finally, Virtu Financial LLC acquired a new stake in shares of U.S. Well Services in the fourth quarter valued at about $93,000.

NASDAQ:USWS opened at $0.86 on Wednesday. The business’s fifty day moving average is $1.12. The firm has a market capitalization of $66.27 million, a PE ratio of -0.32 and a beta of 1.45. U.S. Well Services has a fifty-two week low of $0.79 and a fifty-two week high of $5.60.

U.S. Well Services (NASDAQ:USWSGet Rating) last posted its quarterly earnings data on Wednesday, March 30th. The company reported ($0.46) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.41) by ($0.05). During the same period in the prior year, the business posted ($1.37) EPS. On average, sell-side analysts forecast that U.S. Well Services will post -0.61 EPS for the current year.

Separately, Zacks Investment Research cut shares of U.S. Well Services from a “buy” rating to a “hold” rating in a research report on Tuesday, January 18th.

About U.S. Well Services (Get Rating)

U.S. Well Services, Inc operates as an oilfield service company in the United States. It provides pressure pumping services; and hydraulic fracturing services to the oil and natural gas exploration, and production companies. The company was founded in 2012 and is headquartered in Houston, Texas.

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