Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Short Interest Update

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 90,100 shares, a decrease of 15.5% from the January 31st total of 106,600 shares. Based on an average daily volume of 91,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Pioneer Power Solutions

Several large investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of Pioneer Power Solutions in the 3rd quarter valued at approximately $49,000. Jane Street Group LLC acquired a new position in Pioneer Power Solutions during the third quarter worth about $51,000. Occudo Quantitative Strategies LP purchased a new stake in Pioneer Power Solutions during the 4th quarter worth about $64,000. XTX Topco Ltd purchased a new position in shares of Pioneer Power Solutions during the 3rd quarter worth about $77,000. Finally, Two Sigma Securities LLC acquired a new stake in Pioneer Power Solutions during the 4th quarter worth approximately $78,000. 10.92% of the stock is currently owned by hedge funds and other institutional investors.

Pioneer Power Solutions Trading Up 1.2 %

Shares of NASDAQ:PPSI traded up $0.04 during trading hours on Friday, hitting $3.17. 42,610 shares of the company’s stock traded hands, compared to its average volume of 110,832. Pioneer Power Solutions has a 1 year low of $3.02 and a 1 year high of $7.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 0.69. The firm has a market capitalization of $34.90 million, a P/E ratio of -4.65 and a beta of 0.70. The business has a fifty day moving average price of $3.81 and a 200-day moving average price of $4.78.

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.