Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Short Interest Update

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the target of a large increase in short interest in 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 volume of 78,200 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Pioneer Power Solutions

Several large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in shares of Pioneer Power Solutions by 17.7% during the second quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock worth $222,000 after purchasing an additional 8,401 shares in the last quarter. Virtu Financial LLC acquired a new stake in Pioneer Power Solutions during the 1st quarter worth approximately $91,000. GSA Capital Partners LLP boosted its position in Pioneer Power Solutions by 138.1% in the 1st quarter. GSA Capital Partners LLP now owns 80,490 shares of the company’s stock valued at $460,000 after buying an additional 46,680 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Pioneer Power Solutions in the fourth quarter worth $109,000. Institutional investors and hedge funds own 10.92% of the company’s stock.

Pioneer Power Solutions Stock Performance

PPSI opened at $4.58 on Monday. The firm’s fifty day simple moving average is $4.48 and its two-hundred day simple moving average is $4.36. Pioneer Power Solutions has a 52-week low of $3.35 and a 52-week high of $7.30. 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 quick ratio of 1.19, a current ratio of 1.65 and a debt-to-equity ratio of 0.01.

Pioneer Power Solutions (NASDAQ:PPSI) last released its earnings results on Tuesday, September 10th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business 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%. Equities analysts anticipate that Pioneer Power Solutions will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Pioneer Power Solutions

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.