Short Interest in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Declines By 33.4%

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

Hedge Funds Weigh In On Pioneer Power Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in PPSI. Virtu Financial LLC acquired a new position in shares of Pioneer Power Solutions during the 1st quarter worth $91,000. Quadrature Capital Ltd acquired a new position in shares of Pioneer Power Solutions during the 4th quarter worth $109,000. Dimensional Fund Advisors LP grew its stake in shares of Pioneer Power Solutions by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock worth $222,000 after purchasing an additional 8,401 shares during the period. Finally, GSA Capital Partners LLP grew its stake in shares of Pioneer Power Solutions by 138.1% during the 1st 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. 10.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Pioneer Power Solutions to a “sell” rating in a research report on Wednesday, September 11th.

Pioneer Power Solutions Stock Performance

PPSI traded down $0.12 during trading on Monday, hitting $4.72. The stock had a trading volume of 53,729 shares, compared to its average volume of 98,854. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.10 and a current ratio of 1.52. The firm has a market capitalization of $51.54 million, a P/E ratio of 26.78 and a beta of 0.68. The company’s 50-day moving average price is $4.46 and its 200 day moving average price is $4.39. Pioneer Power Solutions has a twelve month low of $3.35 and a twelve month high of $7.30.

Pioneer Power Solutions (NASDAQ:PPSI) last announced its quarterly earnings data on Tuesday, September 10th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $8.59 million during the quarter. Pioneer Power Solutions had a negative net margin of 4.57% and a negative return on equity of 11.23%. On average, equities research analysts forecast that Pioneer Power Solutions will post 0.32 EPS for the current fiscal year.

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.