Short Interest in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Expands By 37.5%

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 106,600 shares, an increase of 37.5% from the January 15th total of 77,500 shares. Based on an average daily volume of 114,700 shares, the short-interest ratio is presently 0.9 days. Currently, 1.3% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and set a $12.00 price objective on shares of Pioneer Power Solutions in a report on Thursday, October 31st. StockNews.com raised shares of Pioneer Power Solutions to a “sell” rating in a research note on Saturday, November 2nd.

Hedge Funds Weigh In On Pioneer Power Solutions

A number of institutional investors have recently bought and sold shares of PPSI. Virtu Financial LLC purchased a new position in Pioneer Power Solutions during the third quarter worth about $49,000. Jane Street Group LLC purchased a new position in Pioneer Power Solutions during the third quarter worth about $51,000. Stratos Wealth Advisors LLC increased its position in shares of Pioneer Power Solutions by 20.0% during the third quarter. Stratos Wealth Advisors LLC now owns 15,000 shares of the company’s stock valued at $70,000 after acquiring an additional 2,500 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Pioneer Power Solutions during the third quarter valued at about $77,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Pioneer Power Solutions during the fourth quarter valued at about $78,000. 10.92% of the stock is owned by hedge funds and other institutional investors.

Pioneer Power Solutions Trading Up 2.0 %

PPSI stock traded up $0.07 during trading on Friday, reaching $3.61. 29,996 shares of the stock were exchanged, compared to its average volume of 47,771. The company has a current ratio of 1.41, a quick ratio of 0.69 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $4.17 and a 200-day moving average price of $4.87. Pioneer Power Solutions has a 1 year low of $3.35 and a 1 year high of $7.00. The firm has a market capitalization of $39.75 million, a price-to-earnings ratio of -5.31 and a beta of 0.68.

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.