Tidewater Midstream and Infrastructure Ltd. (OTCMKTS:TWMIF – Get Free Report) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,286,921 shares, a growth of 91.3% from the August 15th total of 672,733 shares. Based on an average daily volume of 50,612 shares, the short-interest ratio is currently 25.4 days.
Tidewater Midstream and Infrastructure Trading Up 1.7%
TWMIF opened at $16.40 on Thursday. Tidewater Midstream and Infrastructure has a 52-week low of $3.31 and a 52-week high of $16.96. The firm’s 50 day moving average is $14.78 and its 200-day moving average is $11.40.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on TWMIF shares. Royal Bank Of Canada upgraded shares of Tidewater Midstream and Infrastructure from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 14th. Scotiabank reissued a “sector perform” rating on shares of Tidewater Midstream and Infrastructure in a report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
About Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Ltd., trading OTCMKTS under the symbol TWMIF, is a Calgary-based energy infrastructure company specializing in midstream services. The company owns and operates a network of natural gas gathering systems, processing plants and liquids handling facilities. Its core activities include the processing of raw natural gas into marketable products, the transportation of natural gas liquids (NGLs) and condensate, and the storage and marketing of hydrocarbon products.
Operating primarily in the Western Canadian Sedimentary Basin, Tidewater Midstream serves oil and gas producers across Alberta and Saskatchewan.
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