Short Interest in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Increases By 102.7%

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 86,261 shares, a growth of 102.7% from the August 15th total of 42,563 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 141,283 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Pioneer Power Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Pioneer Power Solutions by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 77,223 shares of the company’s stock valued at $251,000 after acquiring an additional 5,530 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Pioneer Power Solutions by 85.0% during the first quarter. Renaissance Technologies LLC now owns 64,200 shares of the company’s stock valued at $209,000 after purchasing an additional 29,500 shares during the period. Finally, Group One Trading LLC raised its holdings in shares of Pioneer Power Solutions by 577.9% during the first quarter. Group One Trading LLC now owns 8,928 shares of the company’s stock valued at $29,000 after purchasing an additional 7,611 shares during the period. 10.92% of the stock is currently owned by institutional investors.

Pioneer Power Solutions Trading Down 0.3%

PPSI stock traded down $0.01 during trading on Monday, hitting $3.05. The company had a trading volume of 95,802 shares, compared to its average volume of 152,679. Pioneer Power Solutions has a one year low of $2.35 and a one year high of $6.29. The company has a current ratio of 4.11, a quick ratio of 2.92 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $3.08 and a 200-day moving average of $3.55. The stock has a market cap of $33.85 million, a PE ratio of -5.26 and a beta of 1.85.

Pioneer Power Solutions (NASDAQ:PPSI) last announced its earnings results on Monday, August 17th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). Pioneer Power Solutions had a negative return on equity of 27.64% and a negative net margin of 38.11%.The firm had revenue of $5.02 million for the quarter, compared to the consensus estimate of $4.78 million. Research analysts predict that Pioneer Power Solutions will post -0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PPSI shares. HC Wainwright restated a “buy” rating on shares of Pioneer Power Solutions in a research note on Tuesday, August 18th. Weiss Ratings downgraded shares of Pioneer Power Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 17th. Finally, Wall Street Zen cut shares of Pioneer Power Solutions from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.00.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.