Short Interest in Powerbridge Technologies Co., Ltd. (NASDAQ:PBTS) Rises By 24.8%

Powerbridge Technologies Co., Ltd. (NASDAQ:PBTSGet Rating) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totalling 2,060,000 shares, an increase of 24.8% from the April 15th total of 1,650,000 shares. Based on an average daily volume of 2,540,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 8.0% of the company’s stock are sold short.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in Powerbridge Technologies during the third quarter worth $49,000. Geode Capital Management LLC increased its holdings in Powerbridge Technologies by 415.7% during the third quarter. Geode Capital Management LLC now owns 93,179 shares of the company’s stock worth $104,000 after buying an additional 75,111 shares during the last quarter. Morgan Stanley acquired a new position in Powerbridge Technologies during the second quarter worth $184,000. UBS Group AG acquired a new position in Powerbridge Technologies during the first quarter worth $41,000. Finally, Virtu Financial LLC acquired a new position in Powerbridge Technologies during the fourth quarter worth $124,000.

Shares of PBTS stock traded down $0.00 during trading on Wednesday, reaching $0.31. The company’s stock had a trading volume of 1,085,129 shares, compared to its average volume of 2,531,969. Powerbridge Technologies has a one year low of $0.25 and a one year high of $3.64. The business has a fifty day moving average price of $0.33 and a 200-day moving average price of $0.54.

Powerbridge Technologies Company Profile (Get Rating)

Powerbridge Technologies Co, Ltd. provides software application and technology solutions and services primarily in China. It offers Powerbridge System Solutions, which include Trade Enterprise and Trade Compliance, as well as Import & Export Loan and Insurance Processing for customers to streamline their trade operations, trade logistics, and regulatory compliance.

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