Short Interest in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) Decreases By 17.2%

P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 25,500 shares, a decrease of 17.2% from the May 31st total of 30,800 shares. Based on an average daily trading volume, of 19,600 shares, the short-interest ratio is presently 1.3 days.

P.A.M. Transportation Services Stock Up 0.9 %

Shares of NASDAQ:PTSI opened at $17.23 on Tuesday. The company has a quick ratio of 2.22, a current ratio of 2.24 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $16.55 and its 200 day moving average is $17.72. The stock has a market cap of $374.75 million, a P/E ratio of 27.98 and a beta of 1.13. P.A.M. Transportation Services has a 52-week low of $13.51 and a 52-week high of $27.18.

P.A.M. Transportation Services (NASDAQ:PTSI) last posted its quarterly earnings results on Thursday, April 18th. The transportation company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $182.59 million for the quarter. P.A.M. Transportation Services had a return on equity of 4.29% and a net margin of 1.75%. Sell-side analysts predict that P.A.M. Transportation Services will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its position in shares of P.A.M. Transportation Services by 38.9% in the 1st quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock worth $48,000 after purchasing an additional 837 shares during the period. Linden Thomas Advisory Services LLC bought a new stake in P.A.M. Transportation Services during the 4th quarter valued at $208,000. Quadrature Capital Ltd bought a new stake in P.A.M. Transportation Services during the 1st quarter valued at $307,000. Denali Advisors LLC increased its holdings in shares of P.A.M. Transportation Services by 30.5% in the 1st quarter. Denali Advisors LLC now owns 23,100 shares of the transportation company’s stock valued at $374,000 after acquiring an additional 5,400 shares during the period. Finally, Empowered Funds LLC raised its position in shares of P.A.M. Transportation Services by 15.8% in the 1st quarter. Empowered Funds LLC now owns 54,416 shares of the transportation company’s stock worth $882,000 after acquiring an additional 7,442 shares in the last quarter. 22.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PTSI shares. Stephens reduced their price objective on shares of P.A.M. Transportation Services from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, April 19th. StockNews.com upgraded shares of P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a report on Thursday, June 27th.

About P.A.M. Transportation Services

P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.