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

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 116,600 shares, a growth of 95.0% from the September 15th total of 59,800 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average trading volume of 88,600 shares, the days-to-cover ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new position in Pioneer Power Solutions in the first quarter worth approximately $91,000. Quadrature Capital Ltd bought a new position in Pioneer Power Solutions in the fourth quarter worth approximately $109,000. Dimensional Fund Advisors LP grew its stake in Pioneer Power Solutions by 17.7% in 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. Finally, GSA Capital Partners LLP grew its stake in 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 in the last quarter. Institutional investors own 10.92% of the company’s stock.

Pioneer Power Solutions Trading Up 2.2 %

Shares of PPSI traded up $0.13 during mid-day trading on Friday, reaching $5.98. 138,159 shares of the company’s stock traded hands, compared to its average volume of 101,739. The stock has a market cap of $59.38 million, a P/E ratio of 33.22 and a beta of 0.68. The stock’s 50-day moving average is $4.59 and its two-hundred day moving average is $4.33. Pioneer Power Solutions has a 12 month low of $3.35 and a 12 month high of $7.30. 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 (NASDAQ:PPSI) last released its earnings results on Tuesday, September 10th. The company reported ($0.10) EPS for the quarter. The business had revenue of $8.59 million for the quarter. Pioneer Power Solutions had a negative net margin of 7.35% and a negative return on equity of 17.85%. Research analysts forecast that Pioneer Power Solutions will post 0.32 earnings per share for the current fiscal year.

Pioneer Power Solutions Company Profile

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.