PS International Group Ltd. (NASDAQ:PSIG) Sees Large Growth in Short Interest

PS International Group Ltd. (NASDAQ:PSIG) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 4,482 shares, an increase of 304.5% from the February 26th total of 1,108 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 26,256 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of PS International Group in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On PS International Group

A hedge fund recently bought a new stake in PS International Group stock. HRT Financial LP purchased a new stake in shares of PS International Group Ltd. (NASDAQ:PSIG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,299 shares of the company’s stock, valued at approximately $113,000. HRT Financial LP owned approximately 0.27% of PS International Group at the end of the most recent quarter. 29.70% of the stock is currently owned by institutional investors and hedge funds.

PS International Group Price Performance

Shares of PS International Group stock opened at $5.70 on Friday. The business has a 50-day moving average price of $5.44 and a 200 day moving average price of $4.57. PS International Group has a fifty-two week low of $2.14 and a fifty-two week high of $6.92.

About PS International Group

PS International Group, Inc (NASDAQ:PSIG) is a specialized provider of engineered pipe supports, hangers and accessories for industrial applications. The company’s product suite encompasses custom‐designed brackets, snubbers, spring supports, insulation components and vibration‐control solutions that help maintain the integrity of pressure piping systems under a wide range of operating conditions.

Serving diverse end markets—including oil and gas production, petrochemical processing, power generation, refining and industrial construction—PS International Group integrates in-house design, manufacturing and distribution capabilities to meet project-specific requirements.