Perimeter Solutions, SA (NYSE:PRM) Short Interest Up 20.0% in February

Perimeter Solutions, SA (NYSE:PRM - Get Free Report) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 2,820,000 shares, a growth of 20.0% from the January 31st total of 2,350,000 shares. Currently, 2.0% of the company's shares are sold short. Based on an average daily trading volume, of 1,120,000 shares, the days-to-cover ratio is presently 2.5 days.

Perimeter Solutions Trading Down 1.2 %

NYSE:PRM traded down $0.12 during midday trading on Friday, reaching $9.42. 1,182,952 shares of the stock traded hands, compared to its average volume of 823,555. The company has a fifty day moving average of $11.96 and a 200 day moving average of $12.45. Perimeter Solutions has a 12 month low of $6.01 and a 12 month high of $14.44. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. The stock has a market capitalization of $1.41 billion, a P/E ratio of -67.25 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The company had revenue of $86.23 million during the quarter, compared to analyst estimates of $77.01 million. On average, research analysts predict that Perimeter Solutions will post 0.71 EPS for the current year.

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Institutional Investors Weigh In On Perimeter Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank bought a new stake in Perimeter Solutions during the 4th quarter valued at $38,000. Quarry LP bought a new position in Perimeter Solutions in the 3rd quarter worth $52,000. McAdam LLC bought a new position in Perimeter Solutions in the 4th quarter worth $131,000. Tower Research Capital LLC TRC raised its holdings in Perimeter Solutions by 90.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock worth $136,000 after purchasing an additional 5,054 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in Perimeter Solutions in the 4th quarter worth $136,000. 89.93% of the stock is currently owned by institutional investors.

Perimeter Solutions Company Profile

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.