Short Interest in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Expands By 22.1%

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 99,000 shares, an increase of 22.1% from the February 28th total of 81,100 shares. Based on an average daily volume of 64,600 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PPSI. Virtu Financial LLC acquired a new stake in Pioneer Power Solutions during the third quarter worth approximately $49,000. Jane Street Group LLC acquired a new stake in shares of Pioneer Power Solutions during the 3rd quarter worth approximately $51,000. Geode Capital Management LLC grew its position in shares of Pioneer Power Solutions by 13.0% during the 3rd quarter. Geode Capital Management LLC now owns 97,745 shares of the company’s stock worth $459,000 after buying an additional 11,258 shares during the period. Occudo Quantitative Strategies LP bought a new stake in shares of Pioneer Power Solutions in the 4th quarter valued at $64,000. Finally, Northern Trust Corp lifted its position in shares of Pioneer Power Solutions by 64.3% during the 4th quarter. Northern Trust Corp now owns 41,898 shares of the company’s stock valued at $173,000 after acquiring an additional 16,392 shares during the period. 10.92% of the stock is owned by institutional investors.

Pioneer Power Solutions Trading Down 0.0 %

NASDAQ PPSI traded down $0.00 during mid-day trading on Wednesday, reaching $2.99. 2,398 shares of the stock were exchanged, compared to its average volume of 98,521. The stock has a market cap of $32.92 million, a P/E ratio of -4.40 and a beta of 0.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 0.69. Pioneer Power Solutions has a one year low of $2.86 and a one year high of $7.00. The stock has a 50 day simple moving average of $3.50 and a 200-day simple moving average of $4.65.

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.