Charah Solutions Inc (NYSE:CHRA) Sees Large Growth in Short Interest

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Charah Solutions Inc (NYSE:CHRA) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 496,700 shares, an increase of 9.7% from the May 30th total of 452,700 shares. Based on an average daily volume of 84,000 shares, the days-to-cover ratio is currently 5.9 days. Approximately 6.4% of the company’s stock are sold short.

Several brokerages have recently commented on CHRA. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Morgan Stanley set a $100.00 price target on shares of Cimarex Energy and gave the stock a “buy” rating in a research note on Thursday, May 16th.

Shares of CHRA opened at $5.28 on Tuesday. The business’s fifty day simple moving average is $5.17. Charah Solutions has a 12 month low of $3.95 and a 12 month high of $10.76. The firm has a market cap of $157.23 million and a price-to-earnings ratio of 5.74. The company has a current ratio of 1.68, a quick ratio of 1.47 and a debt-to-equity ratio of 2.62.

Charah Solutions (NYSE:CHRA) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.05). Charah Solutions had a positive return on equity of 15.25% and a negative net margin of 1.67%. The business had revenue of $163.26 million for the quarter, compared to analyst estimates of $152.30 million. Research analysts anticipate that Charah Solutions will post 0.28 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. Macquarie Group Ltd. grew its stake in Charah Solutions by 226.8% in the 4th quarter. Macquarie Group Ltd. now owns 6,200 shares of the company’s stock valued at $52,000 after buying an additional 4,303 shares during the last quarter. Monarch Partners Asset Management LLC grew its stake in Charah Solutions by 11.7% in the 1st quarter. Monarch Partners Asset Management LLC now owns 90,661 shares of the company’s stock valued at $580,000 after buying an additional 9,495 shares during the last quarter. Northern Trust Corp grew its stake in Charah Solutions by 13.6% in the 4th quarter. Northern Trust Corp now owns 91,176 shares of the company’s stock valued at $761,000 after buying an additional 10,917 shares during the last quarter. Spark Investment Management LLC grew its stake in Charah Solutions by 101.8% in the 1st quarter. Spark Investment Management LLC now owns 21,800 shares of the company’s stock valued at $139,000 after buying an additional 10,996 shares during the last quarter. Finally, Strs Ohio grew its stake in Charah Solutions by 123.7% in the 1st quarter. Strs Ohio now owns 21,700 shares of the company’s stock valued at $138,000 after buying an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

About Charah Solutions

Charah Solutions, Inc provides environmental and maintenance services to the power generation industry in the United States. The company operates through two segments, Environmental Solutions; and Maintenance and Technical Services. The Environmental Solutions segment offers remediation and compliance services, including development, construction, and management of landfills for coal-fired power generation facilities, and new and existing ash ponds; and active pond management services, such as clean closure, cap-in-place, and design and construction of new ponds.

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