Short Interest in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Increases By 22.1%

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 99,000 shares, an increase of 22.1% from the February 28th total of 81,100 shares. Based on an average trading volume of 64,600 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.2% of the company’s stock are short sold.

Pioneer Power Solutions Stock Down 1.0 %

Pioneer Power Solutions stock traded down $0.03 during trading on Thursday, reaching $2.87. The stock had a trading volume of 40,511 shares, compared to its average volume of 94,446. Pioneer Power Solutions has a 52-week low of $2.75 and a 52-week high of $7.00. The business has a 50 day moving average price of $3.48 and a 200 day moving average price of $4.63. The company has a quick ratio of 0.69, a current ratio of 1.41 and a debt-to-equity ratio of 0.01. The stock has a market cap of $31.61 million, a PE ratio of -4.22 and a beta of 0.60.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PPSI. Manatuck Hill Partners LLC acquired a new position in Pioneer Power Solutions in the fourth quarter valued at approximately $310,000. AAF Wealth Management LLC acquired a new position in shares of Pioneer Power Solutions in the 4th quarter valued at $184,000. Marshall Wace LLP purchased a new position in shares of Pioneer Power Solutions in the 4th quarter valued at $107,000. Squarepoint Ops LLC acquired a new stake in Pioneer Power Solutions during the 4th quarter worth $102,000. Finally, Two Sigma Securities LLC purchased a new stake in Pioneer Power Solutions in the fourth quarter valued at $78,000. Hedge funds and other institutional investors own 10.92% of the company’s stock.

About Pioneer Power Solutions

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.