Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Sees Significant Growth in Short Interest

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 59,800 shares, a growth of 25.4% from the August 31st total of 47,700 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 78,200 shares, the short-interest ratio is presently 0.8 days.

Pioneer Power Solutions Stock Performance

PPSI stock traded down $0.15 on Friday, hitting $4.58. The company had a trading volume of 136,363 shares, compared to its average volume of 80,257. The stock has a market cap of $50.01 million, a price-to-earnings ratio of 25.44 and a beta of 0.68. The company has a current ratio of 1.65, a quick ratio of 1.19 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $4.48 and its 200 day simple moving average is $4.36. Pioneer Power Solutions has a 12-month low of $3.35 and a 12-month high of $7.30.

Pioneer Power Solutions (NASDAQ:PPSI) last issued its quarterly earnings data on Tuesday, September 10th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $8.59 million for the quarter. Pioneer Power Solutions had a negative net margin of 7.35% and a negative return on equity of 17.85%. As a group, equities research analysts expect that Pioneer Power Solutions will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Pioneer Power Solutions

Several large investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in Pioneer Power Solutions in the 1st quarter worth $91,000. Quadrature Capital Ltd purchased a new stake in shares of Pioneer Power Solutions in the fourth quarter worth about $109,000. Dimensional Fund Advisors LP boosted its stake in Pioneer Power Solutions by 17.7% during the second quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock valued at $222,000 after buying an additional 8,401 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in Pioneer Power Solutions by 138.1% during the 1st quarter. GSA Capital Partners LLP now owns 80,490 shares of the company’s stock valued at $460,000 after buying an additional 46,680 shares in the last quarter. 10.92% of the stock is currently owned by hedge funds and other institutional investors.

About Pioneer Power Solutions

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.