PS International Group Ltd. (NASDAQ:PSIG) Short Interest Update

PS International Group Ltd. (NASDAQ:PSIG) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,108 shares, a drop of 89.4% from the February 12th total of 10,466 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 79,744 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 79,744 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On PS International Group

An institutional investor recently bought a new position in PS International Group stock. Renaissance Technologies LLC purchased a new stake in PS International Group Ltd. (NASDAQ:PSIG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,977 shares of the company’s stock, valued at approximately $54,000. Renaissance Technologies LLC owned approximately 0.13% of PS International Group at the end of the most recent reporting period. Institutional investors and hedge funds own 29.70% of the company’s stock.

PS International Group Trading Down 1.7%

NASDAQ PSIG opened at $5.74 on Thursday. PS International Group has a 52 week low of $2.14 and a 52 week high of $6.92. The firm has a 50 day moving average of $5.21 and a two-hundred day moving average of $4.43.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of PS International Group in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

About PS International Group

PS International Group, Inc (NASDAQ:PSIG) is a specialized provider of engineered pipe supports, hangers and accessories for industrial applications. The company’s product suite encompasses custom‐designed brackets, snubbers, spring supports, insulation components and vibration‐control solutions that help maintain the integrity of pressure piping systems under a wide range of operating conditions.

Serving diverse end markets—including oil and gas production, petrochemical processing, power generation, refining and industrial construction—PS International Group integrates in-house design, manufacturing and distribution capabilities to meet project-specific requirements.