Short Interest in Power Solutions International, Inc. (OTCMKTS:PSIX) Rises By 19.1%

Power Solutions International, Inc. (OTCMKTS:PSIX) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 82,200 shares, a growth of 19.1% from the July 15th total of 69,000 shares. Based on an average daily trading volume, of 318,900 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Craig Hallum lifted their target price on Power Solutions International from $10.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday.

Power Solutions International Stock Performance

Shares of PSIX traded up $2.74 during midday trading on Friday, reaching $17.26. 298,773 shares of the stock were exchanged, compared to its average volume of 57,493. The business’s 50-day moving average price is $10.01 and its 200 day moving average price is $5.20. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.85 and a quick ratio of 0.49. Power Solutions International has a twelve month low of $1.70 and a twelve month high of $17.64. The company has a market capitalization of $396.57 million, a price-to-earnings ratio of 13.38 and a beta of 0.88.

Power Solutions International (OTCMKTS:PSIX) last posted its earnings results on Monday, August 12th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.36. Power Solutions International had a negative return on equity of 360.24% and a net margin of 6.78%. The business had revenue of $110.59 million for the quarter.

About Power Solutions International

Power Solutions International, Inc designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally. The company offers engine blocks integrated with fuel system parts, as well as completely packaged power systems, that include combinations of front accessory drives, cooling systems, electronic systems, air intake systems, fuel systems, housings, power takeoff systems, exhaust systems, hydraulic systems, enclosures, brackets, hoses, tubes, packaging, telematics, and other assembled componentry.