PS International Group Ltd. (NASDAQ:PSIG) Stock Short Interest Report for October

PS International Group Ltd. (NASDAQ:PSIG) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 40,800 shares, a drop of 88.6% from the September 30th total of 357,166 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 1,086,637 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of PS International Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Trading of PS International Group

An institutional investor recently raised its stake in PS International Group stock. Renaissance Technologies LLC boosted its position in PS International Group Ltd. (NASDAQ:PSIG) by 140.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 26,401 shares of the company’s stock after purchasing an additional 15,424 shares during the period. Renaissance Technologies LLC owned about 0.17% of PS International Group worth $162,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 29.70% of the company’s stock.

PS International Group Stock Up 3.0%

Shares of NASDAQ:PSIG traded up $0.14 during mid-day trading on Wednesday, reaching $4.87. 621,823 shares of the stock were exchanged, compared to its average volume of 793,305. The stock’s 50 day simple moving average is $3.60 and its 200-day simple moving average is $4.90. PS International Group has a one year low of $1.03 and a one year high of $12.00.

PS International Group Company Profile

PS International Group Limited is a Hong Kong-based logistics and freight-forwarding company. Through its operating subsidiaries, the company arranges the movement of cargo for customers using ocean, air and ground transportation services.

Its services may include freight booking and coordination, customs clearance, trucking, cargo warehousing and related logistics support. The company serves businesses that require transportation and supply-chain services for shipments moving through Hong Kong and other international trade routes.

PS International Group operates as a holding company for its logistics businesses.