Short Interest in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Expands By 95.0%

Pioneer Power Solutions, Inc. (NASDAQ:PPSI - Get Free Report) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 116,600 shares, an increase of 95.0% from the September 15th total of 59,800 shares. Approximately 1.4% of the company's shares are short sold. Based on an average trading volume of 88,600 shares, the days-to-cover ratio is currently 1.3 days.

Pioneer Power Solutions Trading Up 2.2 %

NASDAQ PPSI traded up $0.13 on Friday, reaching $5.98. The company had a trading volume of 137,807 shares, compared to its average volume of 101,739. The stock's 50 day moving average is $4.55 and its 200-day moving average is $4.33. The stock has a market cap of $65.30 million, a price-to-earnings ratio of -12.46 and a beta of 0.68. The company has a quick ratio of 1.19, a current ratio of 1.65 and a debt-to-equity ratio of 0.01. Pioneer Power Solutions has a 52 week low of $3.35 and a 52 week high of $7.30.

Pioneer Power Solutions (NASDAQ:PPSI - Get Free Report) last posted its earnings results on Tuesday, September 10th. The company reported ($0.10) earnings per share (EPS) for the quarter. Pioneer Power Solutions had a negative net margin of 7.35% and a negative return on equity of 17.85%. The business had revenue of $8.59 million during the quarter. Equities analysts predict that Pioneer Power Solutions will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in Pioneer Power Solutions in the first quarter valued at about $91,000. Quadrature Capital Ltd acquired a new position in shares of Pioneer Power Solutions during the fourth quarter worth about $109,000. Dimensional Fund Advisors LP boosted its position in shares of Pioneer Power Solutions by 17.7% during the second quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company's stock worth $222,000 after buying an additional 8,401 shares during the period. Finally, GSA Capital Partners LLP boosted its position in shares of Pioneer Power Solutions by 138.1% during the first quarter. GSA Capital Partners LLP now owns 80,490 shares of the company's stock worth $460,000 after buying an additional 46,680 shares during the period. 10.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Pioneer Power Solutions to a "sell" rating in a report on Tuesday, September 24th.

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.