P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) Short Interest Down 23.8% in October

P.A.M. Transportation Services, Inc. (NASDAQ:PTSI - Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 42,600 shares, a drop of 23.8% from the September 30th total of 55,900 shares. Based on an average daily volume of 22,400 shares, the short-interest ratio is presently 1.9 days. Currently, 0.8% of the shares of the stock are sold short.

P.A.M. Transportation Services Price Performance

NASDAQ PTSI traded up $0.69 during mid-day trading on Friday, hitting $16.15. The stock had a trading volume of 15,920 shares, compared to its average volume of 21,062. The firm's 50 day moving average is $17.39 and its 200 day moving average is $17.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.05 and a quick ratio of 2.03. The stock has a market capitalization of $351.34 million, a price-to-earnings ratio of 26.48 and a beta of 1.12. P.A.M. Transportation Services has a twelve month low of $13.51 and a twelve month high of $22.88.

P.A.M. Transportation Services (NASDAQ:PTSI - Get Free Report) last issued its earnings results on Wednesday, July 24th. The transportation company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.21). The business had revenue of $182.95 million during the quarter. P.A.M. Transportation Services had a net margin of 0.17% and a return on equity of 0.40%. Equities research analysts forecast that P.A.M. Transportation Services will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at P.A.M. Transportation Services

In related news, Director Matthew T. Moroun purchased 4,073,700 shares of the firm's stock in a transaction that occurred on Monday, July 29th. The shares were purchased at an average cost of $18.18 per share, with a total value of $74,059,866.00. Following the purchase, the director now owns 10,427,848 shares of the company's stock, valued at $189,578,276.64. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 68.55% of the company's stock.

Institutional Trading of P.A.M. Transportation Services

Hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its position in shares of P.A.M. Transportation Services by 38.9% in the first quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company's stock valued at $48,000 after purchasing an additional 837 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of P.A.M. Transportation Services in the 1st quarter worth $307,000. Denali Advisors LLC raised its holdings in shares of P.A.M. Transportation Services by 30.5% during the 1st quarter. Denali Advisors LLC now owns 23,100 shares of the transportation company's stock worth $374,000 after acquiring an additional 5,400 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of P.A.M. Transportation Services by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 54,345 shares of the transportation company's stock worth $944,000 after acquiring an additional 701 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of P.A.M. Transportation Services by 15.8% during the 1st quarter. Empowered Funds LLC now owns 54,416 shares of the transportation company's stock valued at $882,000 after acquiring an additional 7,442 shares during the last quarter. Institutional investors and hedge funds own 22.06% of the company's stock.

About P.A.M. Transportation Services

P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.