Tidewater Midstream and Infrastructure Ltd. (OTCMKTS:TWMIF) Short Interest Up 281.1% in June


Tidewater Midstream and Infrastructure Ltd. (OTCMKTS: TWMIFGet a rating) saw a sharp rise in short-term interest in June. As of June 30, there was short interest totaling 745,400 shares, an increase of 281.1% from the June 15 total of 195,600 shares. Based on an average trading volume of 11,000 shares, the day-to-cover ratio is currently 67.8 days.

Shares of TWMIF opened at $0.99 on Thursday. Tidewater Midstream and Infrastructure has a 12 month low of $0.87 and a 12 month high of $1.35. The stock’s fifty-day simple moving average is $1.09 and its 200-day simple moving average is $1.06.

The TWMIF has been the subject of several research reports. Credit Suisse Group raised its price target on Tidewater Midstream and Infrastructure from CA$2.00 to CA$2.25 in a Friday, June 3 report. Stifel Nicolaus raised his price target on Tidewater Midstream and Infrastructure to C$2.25 in a report released Wednesday.

About Tidewater Midstream and Infrastructure (Get a rating)

Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, operates as a diversified midstream and infrastructure company in North America. It is primarily focused on natural gas, natural gas liquids (NGL) and crude oil processing plants and operations located in the Deep Basin, Edmonton and Montney regions of Alberta and British Columbia.

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