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

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 99,000 shares, a growth of 22.1% from the February 28th total of 81,100 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 64,600 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PPSI. Geode Capital Management LLC boosted its position in Pioneer Power Solutions by 13.0% in the third quarter. Geode Capital Management LLC now owns 97,745 shares of the company’s stock valued at $459,000 after buying an additional 11,258 shares in the last quarter. Manatuck Hill Partners LLC bought a new stake in Pioneer Power Solutions during the 4th quarter worth $310,000. AAF Wealth Management LLC acquired a new position in Pioneer Power Solutions in the 4th quarter worth about $184,000. Northern Trust Corp raised its position in Pioneer Power Solutions by 64.3% in the fourth quarter. Northern Trust Corp now owns 41,898 shares of the company’s stock valued at $173,000 after purchasing an additional 16,392 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Pioneer Power Solutions during the fourth quarter valued at about $107,000. Institutional investors own 10.92% of the company’s stock.

Pioneer Power Solutions Price Performance

Shares of Pioneer Power Solutions stock traded down $0.00 on Wednesday, reaching $2.99. 2,398 shares of the stock were exchanged, compared to its average volume of 98,521. The firm’s 50 day moving average is $3.50 and its 200-day moving average is $4.65. The firm has a market cap of $32.92 million, a PE ratio of -4.40 and a beta of 0.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.69 and a current ratio of 1.41. Pioneer Power Solutions has a one year low of $2.86 and a one year high of $7.00.

Pioneer Power Solutions Company Profile

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.