PS International Group Ltd. (NASDAQ:PSIG) Short Interest Update

PS International Group Ltd. (NASDAQ:PSIG) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 1,522 shares, an increase of 59.7% from the January 15th total of 953 shares. Based on an average trading volume of 12,913 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 12,913 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On PS International Group

An institutional investor recently bought a new position in PS International Group stock. Renaissance Technologies LLC bought a new stake in PS International Group Ltd. (NASDAQ:PSIG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,977 shares of the company’s stock, valued at approximately $54,000. Renaissance Technologies LLC owned about 0.13% of PS International Group at the end of the most recent reporting period. 29.70% of the stock is currently owned by hedge funds and other institutional investors.

PS International Group Stock Performance

NASDAQ PSIG opened at $5.59 on Monday. PS International Group has a twelve month low of $2.14 and a twelve month high of $6.92. The stock has a fifty day simple moving average of $4.63 and a 200 day simple moving average of $4.05.

Wall Street Analyst Weigh In

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

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.