Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) Short Interest Update

Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 44,800 shares, an increase of 17.6% from the February 13th total of 38,100 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 34,600 shares, the days-to-cover ratio is presently 1.3 days.

Perma-Pipe International Price Performance

NASDAQ:PPIH opened at $14.06 on Friday. Perma-Pipe International has a 12-month low of $6.83 and a 12-month high of $17.58. The stock’s 50 day moving average price is $14.44 and its two-hundred day moving average price is $14.08. The company has a quick ratio of 1.64, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $112.24 million, a price-to-earnings ratio of 7.14 and a beta of 0.33.

Perma-Pipe International (NASDAQ:PPIH) last announced its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.31 EPS for the quarter. Perma-Pipe International had a net margin of 10.33% and a return on equity of 23.41%.

Institutional Trading of Perma-Pipe International

Several institutional investors have recently added to or reduced their stakes in PPIH. Barclays PLC acquired a new stake in shares of Perma-Pipe International in the fourth quarter valued at approximately $36,000. IFP Advisors Inc bought a new stake in shares of Perma-Pipe International during the 4th quarter valued at approximately $48,000. State of Wyoming bought a new stake in shares of Perma-Pipe International during the fourth quarter worth $77,000. Lazard Asset Management LLC bought a new stake in Perma-Pipe International during the 4th quarter worth $113,000. Finally, Virtu Financial LLC bought a new stake in shares of Perma-Pipe International during the fourth quarter worth about $152,000. 28.43% of the stock is currently owned by institutional investors.

About Perma-Pipe International

Perma-Pipe International Holdings, Inc, together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems. It offers insulated and jacketed district heating and cooling piping systems for energy distribution from central energy plants to various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engages in the coating and insulation of oil and gas gathering and transmission pipelines.