Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Short Interest Up 43.8% in February

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 48,784 shares, a growth of 43.8% from the February 12th total of 33,928 shares. Based on an average daily trading volume, of 82,468 shares, the short-interest ratio is currently 0.6 days. Currently, 0.6% of the shares of the company are short sold. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 82,468 shares, the short-interest ratio is currently 0.6 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Pioneer Power Solutions in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.50.

Pioneer Power Solutions Stock Up 0.6%

Pioneer Power Solutions stock opened at $3.29 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.62 and a quick ratio of 3.55. The stock has a market capitalization of $36.52 million, a PE ratio of -7.15 and a beta of 1.46. The business has a 50 day simple moving average of $4.22 and a 200-day simple moving average of $4.20. Pioneer Power Solutions has a 12 month low of $2.25 and a 12 month high of $5.70.

Hedge Funds Weigh In On Pioneer Power Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Group One Trading LLC grew its position in shares of Pioneer Power Solutions by 1,860.3% in the third quarter. Group One Trading LLC now owns 11,762 shares of the company’s stock valued at $51,000 after purchasing an additional 11,162 shares during the period. XTX Topco Ltd acquired a new position in shares of Pioneer Power Solutions during the 2nd quarter worth about $55,000. Smith Moore & CO. purchased a new position in Pioneer Power Solutions in the 4th quarter valued at about $61,000. Legacy Advisors LLC acquired a new stake in Pioneer Power Solutions in the 3rd quarter worth about $69,000. Finally, NewEdge Advisors LLC acquired a new stake in Pioneer Power Solutions in the 3rd quarter worth about $94,000. 10.92% of the stock is owned by hedge funds and other institutional investors.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.