Short Interest in PS International Group Ltd. (NASDAQ:PSIG) Increases By 304.5%

PS International Group Ltd. (NASDAQ:PSIG) was the target of a large increase in short interest in 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. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 26,256 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of PS International Group in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

PS International Group Stock Up 7.3%

PS International Group stock traded up $0.39 during mid-day trading on Thursday, reaching $5.70. 164,906 shares of the company were exchanged, compared to its average volume of 50,293. The business has a fifty day moving average of $5.41 and a 200 day moving average of $4.56. PS International Group has a 12-month low of $2.14 and a 12-month high of $6.92.

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 position in shares of PS International Group Ltd. (NASDAQ:PSIG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 23,299 shares of the company’s stock, valued at approximately $113,000. HRT Financial LP owned about 0.27% of PS International Group as of its most recent filing with the Securities & Exchange Commission. 29.70% of the stock is currently owned by institutional investors.

PS International Group Company Profile

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.