Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) Short Interest Up 21.2% in August

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 1,180,000 shares, a growth of 21.2% from the July 31st total of 973,500 shares. Based on an average daily trading volume, of 158,800 shares, the days-to-cover ratio is presently 7.4 days.

Institutional Trading of Perma-Fix Environmental Services

Several institutional investors and hedge funds have recently made changes to their positions in the company. Essex Investment Management Co. LLC grew its stake in shares of Perma-Fix Environmental Services by 28.2% during the fourth quarter. Essex Investment Management Co. LLC now owns 186,536 shares of the industrial products company’s stock worth $1,466,000 after acquiring an additional 41,051 shares during the last quarter. Quadrature Capital Ltd boosted its position in Perma-Fix Environmental Services by 11.6% in the fourth quarter. Quadrature Capital Ltd now owns 34,029 shares of the industrial products company’s stock valued at $267,000 after buying an additional 3,545 shares during the last quarter. Fermata Advisors LLC boosted its position in Perma-Fix Environmental Services by 22.9% in the second quarter. Fermata Advisors LLC now owns 15,086 shares of the industrial products company’s stock valued at $153,000 after buying an additional 2,811 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Perma-Fix Environmental Services in the second quarter valued at approximately $338,000. Finally, Van ECK Associates Corp purchased a new stake in Perma-Fix Environmental Services in the second quarter valued at approximately $1,641,000. 25.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PESI has been the subject of several research reports. Craig Hallum began coverage on shares of Perma-Fix Environmental Services in a report on Monday, June 3rd. They issued a “buy” rating and a $18.00 price objective for the company. StockNews.com lowered shares of Perma-Fix Environmental Services from a “hold” rating to a “sell” rating in a research note on Monday, May 27th.

Perma-Fix Environmental Services Stock Performance

NASDAQ PESI opened at $11.00 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.56. Perma-Fix Environmental Services has a 12 month low of $6.51 and a 12 month high of $14.17. The company’s 50 day moving average is $10.39 and its two-hundred day moving average is $10.45.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.26) EPS for the quarter. The firm had revenue of $13.99 million for the quarter. Perma-Fix Environmental Services had a negative return on equity of 15.78% and a negative net margin of 9.82%.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.