Short Interest in Perimeter Solutions, SA (NYSE:PRM) Increases By 17.7%

Perimeter Solutions, SA (NYSE:PRM - Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 3,320,000 shares, a growth of 17.7% from the February 13th total of 2,820,000 shares. Based on an average daily trading volume, of 1,150,000 shares, the short-interest ratio is currently 2.9 days. Approximately 2.4% of the company's stock are short sold.

Insider Buying and Selling

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the completion of the sale, the director now owns 471,226 shares in the company, valued at $4,321,142.42. This trade represents a 34.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Perimeter Solutions

Hedge funds have recently bought and sold shares of the company. Pennant Select LLC raised its stake in Perimeter Solutions by 41.6% during the third quarter. Pennant Select LLC now owns 814,000 shares of the company's stock valued at $10,948,000 after buying an additional 239,000 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Perimeter Solutions during the 4th quarter valued at approximately $305,000. Barclays PLC lifted its stake in Perimeter Solutions by 305.3% during the third quarter. Barclays PLC now owns 206,967 shares of the company's stock worth $2,784,000 after purchasing an additional 155,899 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in Perimeter Solutions by 6.7% in the fourth quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock worth $363,000 after purchasing an additional 1,778 shares during the period. Finally, FMR LLC increased its stake in Perimeter Solutions by 2,993.1% during the third quarter. FMR LLC now owns 307,426 shares of the company's stock valued at $4,135,000 after purchasing an additional 297,487 shares during the last quarter. 89.93% of the stock is currently owned by institutional investors and hedge funds.

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Perimeter Solutions Stock Down 2.6 %

Shares of Perimeter Solutions stock traded down $0.25 on Friday, hitting $9.06. 3,526,755 shares of the company's stock traded hands, compared to its average volume of 843,953. Perimeter Solutions has a 52-week low of $6.50 and a 52-week high of $14.44. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.36 billion, a P/E ratio of -64.67 and a beta of 1.93. The firm's 50-day moving average is $11.32 and its 200 day moving average is $12.29.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.21. The company had revenue of $86.23 million during the quarter, compared to analyst estimates of $77.01 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. Equities analysts anticipate that Perimeter Solutions will post 0.71 earnings per share for the current year.

About Perimeter Solutions

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.