Pioneer Power Solutions, Inc. (NASDAQ:PPSI) is seeing a significant increase in short interest

Pioneer Power Solutions, Inc. (NASDAQ:PPSI – Get Free Report ) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 59,800 shares, an increase of 25.4% from August 31st’s total of 47,700 shares. About 0.7% of the company’s shares are short sold. Based on an average daily volume of 78,200 shares, the short interest rate is currently 0.8 days.

Pioneer Power Solutions stock performance

Shares of PPSI traded down $0.15 on Friday, reaching $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 – Get Your Free Report ) 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.

Analysts on Wall Street are forecasting an increase

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

Check out our latest report on Pioneer Power Solutions

Hedge funds influence Pioneer Power solutions

Several large investors have recently made changes to their positions in the business. Virtu Financial LLC acquired 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 valued at 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 boosted its holdings in Pioneer Power Solutions by 138.1% in the first 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 during the last quarter. 10.92% of the shares are currently held by hedge funds and other institutional investors.

About Pioneer Power Solutions

(Get a free report)

Pioneer Power Solutions, Inc, together with its subsidiaries, designs, manufactures, integrates, refurbishes, distributes, sells and services electric power systems, distributed energy resources, power generation equipment and charging solutions for mobile electric vehicles. The company operates through the segments of electrical infrastructure equipment and critical power solutions.

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