Charah Solutions Inc (NYSE:CHRA) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 446,900 shares, a decline of 14.0% from the July 31st total of 519,800 shares. Approximately 5.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 37,200 shares, the short-interest ratio is presently 12.0 days.
CHRA traded up $0.20 during mid-day trading on Friday, reaching $2.80. The stock had a trading volume of 72,818 shares, compared to its average volume of 35,284. The stock has a market capitalization of $73.37 million, a P/E ratio of 3.04 and a beta of 0.01. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.79 and a current ratio of 0.91. The firm’s fifty day simple moving average is $3.84 and its two-hundred day simple moving average is $5.46. Charah Solutions has a 52 week low of $2.39 and a 52 week high of $8.76.
Several analysts have recently issued reports on the company. Morgan Stanley downgraded Charah Solutions from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $7.00 to $4.00 in a research note on Friday, August 16th. ValuEngine upgraded Charah Solutions from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Finally, Zacks Investment Research lowered Charah Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th.
In other news, CFO Roger D. Shannon acquired 12,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $2.60 per share, with a total value of $31,200.00. 2.40% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in CHRA. Spark Investment Management LLC raised its position in shares of Charah Solutions by 101.8% during the first quarter. Spark Investment Management LLC now owns 21,800 shares of the company’s stock worth $139,000 after purchasing an additional 10,996 shares during the period. Strs Ohio boosted its holdings in shares of Charah Solutions by 123.7% in the first quarter. Strs Ohio now owns 21,700 shares of the company’s stock valued at $138,000 after acquiring an additional 12,000 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Charah Solutions during the second quarter worth $69,000. Skylands Capital LLC acquired a new stake in shares of Charah Solutions during the second quarter worth $1,823,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Charah Solutions by 6.2% during the second quarter. Vanguard Group Inc. now owns 410,948 shares of the company’s stock worth $2,261,000 after purchasing an additional 23,838 shares during the period. Hedge funds and other institutional investors own 24.81% 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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