Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Short Interest Up 37.5% in January

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 106,600 shares, an increase of 37.5% from the January 15th total of 77,500 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average trading volume of 114,700 shares, the days-to-cover ratio is currently 0.9 days.

Analysts Set New Price Targets

Several research analysts have commented on PPSI shares. StockNews.com raised Pioneer Power Solutions to a “sell” rating in a research note on Saturday, November 2nd. HC Wainwright reissued a “buy” rating and set a $12.00 target price on shares of Pioneer Power Solutions in a research note on Thursday, October 31st.

Institutional Trading of Pioneer Power Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in PPSI. Evernest Financial Advisors LLC bought a new stake in shares of Pioneer Power Solutions during the third quarter worth about $385,000. Manatuck Hill Partners LLC bought a new stake in shares of Pioneer Power Solutions during the fourth quarter worth about $310,000. Marshall Wace LLP bought a new stake in Pioneer Power Solutions in the fourth quarter valued at approximately $107,000. Two Sigma Securities LLC bought a new stake in Pioneer Power Solutions in the fourth quarter valued at approximately $78,000. Finally, XTX Topco Ltd bought a new stake in Pioneer Power Solutions in the third quarter valued at approximately $77,000. 10.92% of the stock is currently owned by institutional investors.

Pioneer Power Solutions Trading Up 2.0 %

Shares of NASDAQ:PPSI traded up $0.07 during midday trading on Friday, hitting $3.61. 29,996 shares of the stock were exchanged, compared to its average volume of 47,771. The stock has a market capitalization of $39.75 million, a price-to-earnings ratio of -5.31 and a beta of 0.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.69 and a current ratio of 1.41. The business’s 50-day moving average price is $4.17 and its 200 day moving average price is $4.87. Pioneer Power Solutions has a 12 month low of $3.35 and a 12 month 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.