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

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DSKE shares. Northland Securities reiterated a “market perform” rating and set a $8.30 price objective on shares of Daseke in a report on Tuesday, December 26th. TheStreet raised shares of Daseke from a “d+” rating to a “c-” rating in a research report on Wednesday, January 10th.

Institutional Trading of Daseke

Large investors have recently bought and sold shares of the company. Quarry LP boosted its stake in shares of Daseke by 118.1% during the 1st quarter. Quarry LP now owns 4,101 shares of the company’s stock valued at $32,000 after buying an additional 2,221 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Daseke by 1,200.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,500 shares of the company’s stock valued at $33,000 after buying an additional 6,000 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Daseke by 167.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,601 shares of the company’s stock valued at $49,000 after buying an additional 6,017 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of Daseke during the 1st quarter valued at approximately $49,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Daseke by 408.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,955 shares of the company’s stock valued at $51,000 after buying an additional 7,996 shares during the last quarter. Institutional investors and hedge funds own 71.45% of the company’s stock.

Daseke Stock Up 0.1 %

NASDAQ:DSKE traded up $0.01 during trading hours on Thursday, hitting $8.30. The stock had a trading volume of 348,930 shares, compared to its average volume of 741,112. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 14.52. Daseke has a 1-year low of $4.06 and a 1-year high of $8.34. The business has a 50 day simple moving average of $8.21 and a two-hundred day simple moving average of $6.37. The company has a market cap of $391.76 million, a PE ratio of 63.85 and a beta of 2.01.

About Daseke

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.