Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) Short Interest Up 21.6% in March

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,465,706 shares, an increase of 21.6% from the March 15th total of 1,204,860 shares. Based on an average trading volume of 267,702 shares, the days-to-cover ratio is currently 5.5 days. Currently, 8.7% of the shares of the stock are sold short.

Perma-Fix Environmental Services Stock Performance

Shares of NASDAQ PESI opened at $12.90 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 0.04. Perma-Fix Environmental Services has a 12 month low of $7.76 and a 12 month high of $16.50. The company has a 50 day simple moving average of $12.88 and a two-hundred day simple moving average of $13.10. The stock has a market cap of $239.30 million, a price-to-earnings ratio of -17.20 and a beta of 0.52.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its earnings results on Tuesday, March 24th. The industrial products company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). Perma-Fix Environmental Services had a negative net margin of 22.35% and a negative return on equity of 19.26%. The firm had revenue of $15.72 million during the quarter, compared to analyst estimates of $17.70 million.

Institutional Trading of Perma-Fix Environmental Services

Several hedge funds have recently made changes to their positions in PESI. BNP Paribas Financial Markets increased its position in shares of Perma-Fix Environmental Services by 102.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 1,699 shares during the last quarter. North Star Investment Management Corp. purchased a new position in shares of Perma-Fix Environmental Services during the third quarter worth approximately $44,000. Capital Advisors Ltd. LLC purchased a new position in shares of Perma-Fix Environmental Services during the first quarter worth approximately $53,000. MetLife Investment Management LLC grew its position in shares of Perma-Fix Environmental Services by 171.6% during the fourth quarter. MetLife Investment Management LLC now owns 9,154 shares of the industrial products company’s stock worth $115,000 after acquiring an additional 5,784 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Perma-Fix Environmental Services by 18.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 1,515 shares during the last quarter. Institutional investors and hedge funds own 25.52% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc (NASDAQ: PESI) is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.