Short Interest in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Rises By 95.0%

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the target of a large 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. Based on an average daily volume of 88,600 shares, the short-interest ratio is presently 1.3 days. Approximately 1.4% of the shares of the company are short sold.

Institutional Trading of Pioneer Power Solutions

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in shares of Pioneer Power Solutions in the 1st quarter valued at about $91,000. Quadrature Capital Ltd bought a new position in shares of Pioneer Power Solutions in the 4th quarter valued at about $109,000. Dimensional Fund Advisors LP grew its holdings in shares of Pioneer Power Solutions by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock valued at $222,000 after acquiring an additional 8,401 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Pioneer Power Solutions by 138.1% in the 1st quarter. GSA Capital Partners LLP now owns 80,490 shares of the company’s stock valued at $460,000 after acquiring an additional 46,680 shares in the last quarter. Institutional investors and hedge funds own 10.92% of the company’s stock.

Pioneer Power Solutions Stock Performance

NASDAQ:PPSI traded up $0.08 during trading hours on Friday, hitting $5.93. 22,992 shares of the stock were exchanged, compared to its average volume of 101,156. The company’s 50 day moving average is $4.55 and its two-hundred day moving average is $4.33. Pioneer Power Solutions has a twelve month low of $3.35 and a twelve month high of $7.30. The company has a quick ratio of 1.19, a current ratio of 1.65 and a debt-to-equity ratio of 0.01.

Pioneer Power Solutions (NASDAQ:PPSI) last posted its quarterly earnings results on Tuesday, September 10th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $8.59 million during the quarter. Pioneer Power Solutions had a negative net margin of 7.35% and a negative return on equity of 17.85%. Analysts predict that Pioneer Power Solutions will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.