Short Interest in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Expands By 37.5%

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 106,600 shares, a growth of 37.5% from the January 15th total of 77,500 shares. Based on an average trading volume of 114,700 shares, the short-interest ratio is currently 0.9 days. Currently, 1.3% of the shares of the company are sold short.

Pioneer Power Solutions Stock Performance

PPSI stock traded up $0.07 during midday trading on Friday, hitting $3.61. 29,996 shares of the stock traded hands, compared to its average volume of 47,771. The firm has a market cap of $39.75 million, a P/E ratio of -5.31 and a beta of 0.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 0.69. The stock’s fifty day simple moving average is $4.17 and its 200-day simple moving average is $4.87. Pioneer Power Solutions has a 1-year low of $3.35 and a 1-year high of $7.00.

Institutional Trading of Pioneer Power Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Manatuck Hill Partners LLC acquired a new stake in Pioneer Power Solutions during the fourth quarter valued at $310,000. Northern Trust Corp grew its position in Pioneer Power Solutions by 64.3% during the fourth quarter. Northern Trust Corp now owns 41,898 shares of the company’s stock valued at $173,000 after buying an additional 16,392 shares during the period. Two Sigma Securities LLC acquired a new stake in Pioneer Power Solutions during the fourth quarter valued at $78,000. Marshall Wace LLP acquired a new stake in Pioneer Power Solutions during the fourth quarter valued at $107,000. Finally, Virtu Financial LLC acquired a new stake in Pioneer Power Solutions during the third quarter valued at $49,000. Institutional investors and hedge funds own 10.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PPSI. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Pioneer Power Solutions in a report on Thursday, October 31st. StockNews.com raised shares of Pioneer Power Solutions to a “sell” rating in a report on Saturday, November 2nd.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc, together with its subsidiaries, design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions. The company operates through Electrical Infrastructure Equipment and Critical Power Solutions segments.