Power Solutions International, Inc. (NASDAQ:PSIX) Short Interest Update

Power Solutions International, Inc. (NASDAQ:PSIX) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 1,388,891 shares, a decline of 14.0% from the January 29th total of 1,614,516 shares. Based on an average trading volume of 577,628 shares, the days-to-cover ratio is presently 2.4 days. Currently, 6.1% of the company’s stock are sold short. Currently, 6.1% of the company’s stock are sold short. Based on an average trading volume of 577,628 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PSIX. Situational Awareness LP bought a new stake in shares of Power Solutions International during the 4th quarter valued at about $24,702,000. Arrowstreet Capital Limited Partnership boosted its stake in Power Solutions International by 344.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 325,085 shares of the company’s stock valued at $31,930,000 after acquiring an additional 251,883 shares during the period. ANTIPODES PARTNERS Ltd bought a new position in shares of Power Solutions International during the fourth quarter valued at approximately $13,052,000. Busey Bank acquired a new stake in shares of Power Solutions International during the 3rd quarter worth approximately $21,608,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Power Solutions International in the 3rd quarter worth approximately $19,001,000. 22.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PSIX has been the subject of a number of recent analyst reports. Jefferies Financial Group began coverage on Power Solutions International in a research note on Monday, December 1st. They set a “buy” rating and a $110.51 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Power Solutions International in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of Power Solutions International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.51.

Power Solutions International Stock Performance

Shares of PSIX traded down $0.10 during mid-day trading on Wednesday, hitting $60.81. The stock had a trading volume of 698,070 shares, compared to its average volume of 486,828. Power Solutions International has a fifty-two week low of $18.10 and a fifty-two week high of $121.78. The company has a quick ratio of 1.19, a current ratio of 2.28 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.40 billion, a PE ratio of 12.28 and a beta of 2.04. The company’s fifty day simple moving average is $76.52 and its two-hundred day simple moving average is $78.35.

About Power Solutions International

Power Solutions International, Inc is a global designer and manufacturer of integrated powertrain solutions for commercial vehicle, industrial and military applications. Headquartered in Wood Dale, Illinois, the company develops and assembles advanced diesel engine and transmission packages under the Atlas® brand, combining proprietary engine technology with high-efficiency transmissions to deliver power-dense systems. These solutions are tailored for medium- and heavy-duty trucks, buses, construction equipment, generator sets and specialty vehicles.

In addition to complete powertrain systems, the company offers a broad range of component products including diesel engines, transmissions and aftertreatment modules.