NINE - Enservco Looks Overvalued Based On Fundamentals

• The company provides oilfield services, and it booked revenues of $15.7 million in 2020 as its business was affected by COVID-19 and low oil prices.
• Enservco’s market valuation has more than quintupled over the past month, and the reason for this seems to be retail investor interest.
• In my view, Enservco’s business should be worth maybe about $15 million at the moment.
• The short borrow fee rate is above 200%, and I think investors should wait for it to drop to double-digit percentage figures before considering opening a short position.

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