Power Solutions International, Inc. (OTCMKTS:PSIX) Sees Large Decline in Short Interest

Power Solutions International, Inc. (OTCMKTS:PSIX) was the target of a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 66,200 shares, a drop of 19.5% from the July 31st total of 82,200 shares. Based on an average daily volume of 394,300 shares, the days-to-cover ratio is currently 0.2 days.

Power Solutions International Trading Up 0.3 %

OTCMKTS PSIX traded up $0.06 during trading on Friday, reaching $19.37. 70,803 shares of the company’s stock were exchanged, compared to its average volume of 66,245. Power Solutions International has a fifty-two week low of $1.70 and a fifty-two week high of $20.90. The firm has a market capitalization of $445.05 million, a PE ratio of 15.02 and a beta of 0.88. The company’s fifty day simple moving average is $12.56 and its 200-day simple moving average is $6.34.

Power Solutions International (OTCMKTS:PSIX) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.36. The firm had revenue of $110.59 million during the quarter. Power Solutions International had a return on equity of 1,360.71% and a net margin of 10.51%.

Wall Street Analyst Weigh In

Separately, Craig Hallum raised their price objective on Power Solutions International from $10.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

About Power Solutions International

Power Solutions International, Inc designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally. The company offers engine blocks integrated with fuel system parts, as well as completely packaged power systems, that include combinations of front accessory drives, cooling systems, electronic systems, air intake systems, fuel systems, housings, power takeoff systems, exhaust systems, hydraulic systems, enclosures, brackets, hoses, tubes, packaging, telematics, and other assembled componentry.