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

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 77,500 shares, a decline of 19.4% from the December 31st total of 96,200 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 133,200 shares, the days-to-cover ratio is presently 0.6 days.

Pioneer Power Solutions Stock Performance

Pioneer Power Solutions stock remained flat at $3.67 during midday trading on Monday. The company had a trading volume of 39,808 shares, compared to its average volume of 59,658. The firm has a fifty day moving average price of $4.64 and a 200-day moving average price of $4.94. Pioneer Power Solutions has a 52-week low of $3.35 and a 52-week high of $7.00. 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 has a market capitalization of $40.41 million, a PE ratio of -5.40 and a beta of 0.68.

Pioneer Power Solutions Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th were issued a dividend of $1.50 per share. This is an increase from Pioneer Power Solutions’s previous dividend of $0.12. The ex-dividend date was Tuesday, December 17th.

Analysts Set New Price Targets

PPSI has been the topic of several analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $12.00 price target on shares of Pioneer Power Solutions in a research note on Thursday, October 31st. StockNews.com upgraded Pioneer Power Solutions to a “sell” rating in a report on Saturday, November 2nd.

Institutional Trading of Pioneer Power Solutions

Several large investors have recently bought and sold shares of PPSI. Stratos Wealth Advisors LLC increased its stake in shares of Pioneer Power Solutions by 20.0% in the third quarter. Stratos Wealth Advisors LLC now owns 15,000 shares of the company’s stock worth $70,000 after buying an additional 2,500 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Pioneer Power Solutions by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock worth $222,000 after buying an additional 8,401 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Pioneer Power Solutions in the 3rd quarter worth approximately $49,000. Jane Street Group LLC bought a new stake in shares of Pioneer Power Solutions in the 3rd quarter valued at approximately $51,000. Finally, Geode Capital Management LLC raised its position in shares of Pioneer Power Solutions by 13.0% during the 3rd quarter. Geode Capital Management LLC now owns 97,745 shares of the company’s stock valued at $459,000 after acquiring an additional 11,258 shares in the last quarter. Institutional investors and hedge funds own 10.92% of the company’s stock.

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.