Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Short Interest Up 25.4% in September

Market Beat
2024.09.30 02:56
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Pioneer Power Solutions, Inc. (NASDAQ:PPSI) experienced a 25.4% increase in short interest in September, totaling 59,800 shares as of September 15th. This rise from 47,700 shares in August indicates growing bearish sentiment. The days-to-cover ratio stands at 0.8 days, with 0.7% of shares sold short. Additionally, StockNews.com downgraded the stock to a "sell" rating. The company's stock price fell by 3.2%, trading at $0.58, with a market cap of $10.01 million and a P/E ratio of 25.44. Analysts expect an EPS of $0.32 for the fiscal year.

Pioneer Power Solutions, Inc. (NASDAQ:PPSI - Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 59,800 shares, an increase of 25.4% from the August 31st total of 47,700 shares. Based on an average daily trading volume, of 78,200 shares, the short-interest ratio is currently 0.8 days. Currently, 0.7% of the company's shares are sold short.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Pioneer Power Solutions to a "sell" rating in a research report on Tuesday, September 24th.

Read Our Latest Report on PPSI

Pioneer Power Solutions Stock Down 3.2 %

Shares of PPSI stock traded down $0.15 during trading hours on Friday, reaching $4.58. The company had a trading volume of 136,363 shares, compared to its average volume of 80,257. The company has a market cap of $50.01 million, a price-to-earnings ratio of 25.44 and a beta of 0.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.65 and a quick ratio of 1.19. Pioneer Power Solutions has a 12 month low of $3.35 and a 12 month high of $7.30. The business has a fifty day simple moving average of $4.48 and a 200-day simple moving average of $4.36.

Pioneer Power Solutions (NASDAQ:PPSI - Get Free Report) last posted its earnings results on Tuesday, September 10th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $8.59 million for the quarter. Pioneer Power Solutions had a negative return on equity of 17.85% and a negative net margin of 7.35%. On average, research analysts expect that Pioneer Power Solutions will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pioneer Power Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrature Capital Ltd purchased a new stake in shares of Pioneer Power Solutions in the fourth quarter worth about $109,000. Virtu Financial LLC purchased a new position in shares of Pioneer Power Solutions during the 1st quarter valued at $91,000. GSA Capital Partners LLP increased its holdings in shares of Pioneer Power Solutions by 138.1% in the first quarter. GSA Capital Partners LLP now owns 80,490 shares of the company's stock worth $460,000 after purchasing an additional 46,680 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Pioneer Power Solutions by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company's stock worth $222,000 after acquiring an additional 8,401 shares during the last quarter. Institutional investors own 10.92% of the company's stock.

Pioneer Power Solutions Company Profile

(Get Free Report)

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.

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