Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) Short Interest Update

Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Get Free Report) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 40,100 shares, a growth of 16.6% from the January 15th total of 34,400 shares. Based on an average trading volume of 44,200 shares, the short-interest ratio is presently 0.9 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PPIH. State of Wyoming bought a new position in Perma-Pipe International during the 4th quarter worth $77,000. Lazard Asset Management LLC bought a new position in Perma-Pipe International during the 4th quarter worth $113,000. Bridgeway Capital Management LLC raised its position in Perma-Pipe International by 22.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 101,575 shares of the industrial products company's stock worth $1,519,000 after purchasing an additional 18,475 shares during the last quarter. Citadel Advisors LLC raised its position in Perma-Pipe International by 116.2% during the 4th quarter. Citadel Advisors LLC now owns 23,886 shares of the industrial products company's stock worth $357,000 after purchasing an additional 12,836 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Perma-Pipe International during the 4th quarter worth $178,000. 28.43% of the stock is currently owned by institutional investors.

Perma-Pipe International Price Performance

Shares of PPIH traded down $0.78 during trading hours on Thursday, reaching $14.35. The stock had a trading volume of 23,392 shares, compared to its average volume of 25,300. Perma-Pipe International has a 12 month low of $6.83 and a 12 month high of $17.58. The stock has a market capitalization of $114.51 million, a PE ratio of 7.28 and a beta of 0.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.64 and a current ratio of 1.94. The company's 50-day moving average is $14.97 and its two-hundred day moving average is $13.48.

Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last announced its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.31 EPS for the quarter. Perma-Pipe International had a return on equity of 23.41% and a net margin of 10.33%.

About Perma-Pipe International

Perma-Pipe International Holdings, Inc, together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems. It offers insulated and jacketed district heating and cooling piping systems for energy distribution from central energy plants to various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engages in the coating and insulation of oil and gas gathering and transmission pipelines.