PS International Group Ltd. (NASDAQ:PSIG) Short Interest Update

PS International Group Ltd. (NASDAQ:PSIG) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 3,661 shares, a drop of 18.3% from the March 15th total of 4,482 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 195,949 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of PS International Group in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, PS International Group currently has an average rating of “Sell”.

Hedge Funds Weigh In On PS International Group

An institutional investor recently bought a new position in PS International Group stock. HRT Financial LP purchased a new position in PS International Group Ltd. (NASDAQ:PSIG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 23,299 shares of the company’s stock, valued at approximately $113,000. HRT Financial LP owned about 0.27% of PS International Group as of its most recent filing with the Securities and Exchange Commission. 29.70% of the stock is currently owned by institutional investors and hedge funds.

PS International Group Stock Performance

NASDAQ PSIG traded down $0.36 during mid-day trading on Friday, hitting $6.15. The company’s stock had a trading volume of 28,997 shares, compared to its average volume of 366,943. The company’s 50 day simple moving average is $5.96 and its 200 day simple moving average is $4.85. PS International Group has a twelve month low of $2.14 and a twelve month high of $7.30.

About PS International Group

PS International Group, Inc (NASDAQ:PSIG) is a specialized provider of engineered pipe supports, hangers and accessories for industrial applications. The company’s product suite encompasses custom‐designed brackets, snubbers, spring supports, insulation components and vibration‐control solutions that help maintain the integrity of pressure piping systems under a wide range of operating conditions.

Serving diverse end markets—including oil and gas production, petrochemical processing, power generation, refining and industrial construction—PS International Group integrates in-house design, manufacturing and distribution capabilities to meet project-specific requirements.