Short Interest in Perimeter Solutions, SA (NYSE:PRM) Decreases By 60.7%

Perimeter Solutions, SA (NYSE:PRMGet Rating) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 167,500 shares, a decrease of 60.7% from the March 15th total of 425,700 shares. Based on an average trading volume of 359,500 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

PRM stock traded down $0.03 during mid-day trading on Friday, reaching $11.05. 679,397 shares of the stock traded hands, compared to its average volume of 538,504. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.73 and a quick ratio of 2.64. Perimeter Solutions has a 52 week low of $10.15 and a 52 week high of $15.14. The stock has a 50-day simple moving average of $11.94.

Separately, UBS Group began coverage on shares of Perimeter Solutions in a report on Thursday. They set a “buy” rating and a $15.00 price target for the company.

A number of hedge funds have recently added to or reduced their stakes in the business. Windacre Partnership LLC bought a new stake in Perimeter Solutions during the fourth quarter valued at about $277,800,000. Select Equity Group L.P. bought a new stake in Perimeter Solutions during the fourth quarter valued at about $194,166,000. Tiger Eye Capital LLC bought a new stake in Perimeter Solutions during the fourth quarter valued at about $147,085,000. Capital Research Global Investors bought a new stake in shares of Perimeter Solutions in the fourth quarter valued at about $128,628,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Perimeter Solutions in the fourth quarter valued at about $128,192,000.

About Perimeter Solutions (Get Rating)

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 Oil Additives. 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.

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