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

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 90,100 shares, a drop of 15.5% from the January 31st total of 106,600 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 91,000 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Pioneer Power Solutions

Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in shares of Pioneer Power Solutions in the third quarter valued at $49,000. Jane Street Group LLC purchased a new stake in Pioneer Power Solutions in the 3rd quarter worth about $51,000. Occudo Quantitative Strategies LP bought a new stake in Pioneer Power Solutions in the 4th quarter valued at about $64,000. XTX Topco Ltd purchased a new stake in Pioneer Power Solutions during the third quarter valued at about $77,000. Finally, Two Sigma Securities LLC bought a new position in Pioneer Power Solutions during the fourth quarter worth about $78,000. Institutional investors own 10.92% of the company’s stock.

Pioneer Power Solutions Stock Performance

PPSI stock traded down $0.08 during mid-day trading on Thursday, hitting $3.10. The company had a trading volume of 21,731 shares, compared to its average volume of 111,650. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.69 and a current ratio of 1.41. The firm has a market cap of $34.14 million, a PE ratio of -4.56 and a beta of 0.70. Pioneer Power Solutions has a 12 month low of $2.88 and a 12 month high of $7.00. The stock’s fifty day moving average price is $3.83 and its two-hundred day moving average price is $4.79.

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.