Daseke, Inc. (NASDAQ:DSKE) Short Interest Up 70.2% in March

Daseke, Inc. (NASDAQ:DSKE) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 845,600 shares, a growth of 70.2% from the February 29th total of 496,700 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 862,200 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Daseke

Several institutional investors and hedge funds have recently modified their holdings of DSKE. Quarry LP raised its stake in shares of Daseke by 118.1% in the first quarter. Quarry LP now owns 4,101 shares of the company’s stock worth $32,000 after purchasing an additional 2,221 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Daseke by 1,200.0% in the third quarter. PNC Financial Services Group Inc. now owns 6,500 shares of the company’s stock worth $33,000 after purchasing an additional 6,000 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Daseke by 167.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,601 shares of the company’s stock worth $49,000 after purchasing an additional 6,017 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Daseke in the first quarter worth approximately $49,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Daseke by 408.2% in the third quarter. Tower Research Capital LLC TRC now owns 9,955 shares of the company’s stock worth $51,000 after purchasing an additional 7,996 shares during the last quarter. 71.45% of the stock is owned by hedge funds and other institutional investors.

Daseke Stock Up 0.1 %

DSKE stock traded up $0.01 during trading on Thursday, reaching $8.30. 348,930 shares of the stock were exchanged, compared to its average volume of 741,112. The firm’s 50 day moving average is $8.21 and its 200 day moving average is $6.37. Daseke has a twelve month low of $4.06 and a twelve month high of $8.34. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 14.52. The firm has a market cap of $391.76 million, a P/E ratio of 63.85 and a beta of 2.01.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DSKE. TheStreet upgraded Daseke from a “d+” rating to a “c-” rating in a research report on Wednesday, January 10th. Northland Securities reiterated a “market perform” rating and issued a $8.30 price target on shares of Daseke in a research report on Tuesday, December 26th.

Daseke Company Profile

Daseke, Inc provides transportation and logistics solutions in the United States, Canada, and Mexico. It operates in two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, commercial glass, high security cargo, industrial and hazardous waste, arms, ammunition and explosives, lumber, and building and construction materials, as well as heavy machinery, such as construction, mining, and agriculture.