Perimeter Solutions, SA (NYSE:PRM) Short Interest Update

Perimeter Solutions, SA (NYSE:PRM) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,320,000 shares, an increase of 17.7% from the February 13th total of 2,820,000 shares. Currently, 2.4% of the shares of the stock are sold short. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is presently 2.9 days.

Perimeter Solutions Stock Performance

PRM stock opened at $9.31 on Friday. The business’s fifty day moving average is $11.39 and its 200-day moving average is $12.30. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.39 billion, a P/E ratio of -66.46 and a beta of 1.93. Perimeter Solutions has a twelve month low of $6.13 and a twelve month high of $14.44.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.21. The company had revenue of $86.23 million for the quarter, compared to the consensus estimate of $77.01 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. Equities research analysts forecast that Perimeter Solutions will post 0.71 EPS for the current year.

Insider Activity

In other news, Director Vivek Raj sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00. Following the transaction, the director now directly owns 471,226 shares of the company’s stock, valued at $4,321,142.42. The trade was a 34.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Perimeter Solutions by 25.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 313,239 shares of the company’s stock valued at $4,003,000 after buying an additional 63,919 shares in the last quarter. Voloridge Investment Management LLC increased its position in shares of Perimeter Solutions by 26.6% in the 4th quarter. Voloridge Investment Management LLC now owns 174,651 shares of the company’s stock valued at $2,232,000 after buying an additional 36,652 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Perimeter Solutions in the 4th quarter valued at $1,911,000. Two Sigma Advisers LP bought a new stake in shares of Perimeter Solutions in the 4th quarter valued at $258,000. Finally, State of Wyoming increased its position in shares of Perimeter Solutions by 241.6% in the 4th quarter. State of Wyoming now owns 34,827 shares of the company’s stock valued at $445,000 after buying an additional 24,632 shares in the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.

About Perimeter Solutions

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.