Short Interest in Daseke, Inc. (NASDAQ:DSKE) Drops By 5.9%

Daseke, Inc. (NASDAQ:DSKE – Get Rating) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 987,700 shares, a decrease of 5.9% from the January 31st total of 1,050,000 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 312,000 shares, the short-interest ratio is presently 3.2 days.

Daseke Price Performance

NASDAQ DSKE opened at $8.29 on Monday. The company has a market cap of $374.04 million, a price-to-earnings ratio of 12.19 and a beta of 1.88. The company has a debt-to-equity ratio of 9.64, a current ratio of 1.55 and a quick ratio of 1.55. The stock’s fifty day moving average price is $7.12 and its 200 day moving average price is $6.34. Daseke has a 1 year low of $4.69 and a 1 year high of $12.61.

Daseke (NASDAQ:DSKE – Get Rating) last announced its quarterly earnings data on Monday, February 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. Daseke had a return on equity of 38.92% and a net margin of 2.83%. The firm had revenue of $408.20 million during the quarter, compared to analysts’ expectations of $399.85 million. During the same period last year, the business posted $0.09 earnings per share. As a group, equities research analysts forecast that Daseke will post 0.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Cowen boosted their price target on Daseke from $11.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 7th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its stake in shares of Daseke by 8.6% during the 4th quarter. Russell Investments Group Ltd. now owns 16,067 shares of the company’s stock worth $91,000 after purchasing an additional 1,275 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Daseke by 5.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 31,227 shares of the company’s stock worth $178,000 after acquiring an additional 1,737 shares in the last quarter. Royal Bank of Canada grew its position in shares of Daseke by 8.0% during the 3rd quarter. Royal Bank of Canada now owns 32,405 shares of the company’s stock valued at $176,000 after acquiring an additional 2,405 shares during the period. Moors & Cabot Inc. raised its holdings in Daseke by 19.9% in the 4th quarter. Moors & Cabot Inc. now owns 15,261 shares of the company’s stock worth $153,000 after purchasing an additional 2,536 shares during the period. Finally, UBS Group AG boosted its position in Daseke by 2.6% during the fourth quarter. UBS Group AG now owns 98,399 shares of the company’s stock worth $560,000 after purchasing an additional 2,536 shares in the last quarter. 41.24% of the stock is currently owned by hedge funds and other institutional investors.

Daseke Company Profile

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Daseke, Inc engages in the provision of transportation and logistics solutions. It operates through the Flatbed Solutions and Specialized Solutions segments. The Flatbed Solutions segment delivers its services through flatbed and retractable-sided transportation equipment to meet the needs of high-volume and time-sensitive shippers.