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

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 47,700 shares, a decrease of 33.4% from the August 15th total of 71,600 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 76,800 shares, the days-to-cover ratio is presently 0.6 days.

Pioneer Power Solutions Stock Down 2.5 %

NASDAQ PPSI traded down $0.12 on Monday, hitting $4.72. 53,729 shares of the company were exchanged, compared to its average volume of 98,854. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.02. The company has a market cap of $51.54 million, a PE ratio of 26.78 and a beta of 0.68. The stock has a fifty day moving average of $4.46 and a 200-day moving average of $4.39. 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 released its quarterly earnings data on Tuesday, September 10th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $8.59 million for the quarter. Pioneer Power Solutions had a negative return on equity of 11.23% and a negative net margin of 4.57%. As a group, analysts forecast that Pioneer Power Solutions will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its position in shares of Pioneer Power Solutions by 138.1% during the first quarter. GSA Capital Partners LLP now owns 80,490 shares of the company’s stock worth $460,000 after purchasing an additional 46,680 shares during the period. Quadrature Capital Ltd bought a new position in shares of Pioneer Power Solutions in the fourth quarter valued at $109,000. Virtu Financial LLC bought a new position in shares of Pioneer Power Solutions in the first quarter valued at $91,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of 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. Institutional investors own 10.92% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Pioneer Power Solutions to a “sell” rating in a research note on Wednesday, September 11th.

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.