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

PS International Group Ltd. (NASDAQ:PSIG) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 21,187 shares, a growth of 99.7% from the April 15th total of 10,612 shares. Based on an average daily trading volume, of 460,258 shares, the short-interest ratio is currently 0.0 days. Currently, 0.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On PS International Group

A hedge fund recently raised its stake in PS International Group stock. Renaissance Technologies LLC boosted its stake in PS International Group Ltd. (NASDAQ:PSIG) by 140.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,401 shares of the company’s stock after purchasing an additional 15,424 shares during the period. Renaissance Technologies LLC owned about 0.17% of PS International Group worth $162,000 at the end of the most recent reporting period. Institutional investors own 29.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on PSIG shares. Wall Street Zen upgraded shares of PS International Group to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings restated a “sell (d)” rating on shares of PS International Group in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

PS International Group Stock Performance

PS International Group stock traded up $0.15 during mid-day trading on Monday, reaching $7.40. The company had a trading volume of 2,361,550 shares, compared to its average volume of 264,813. PS International Group has a fifty-two week low of $2.23 and a fifty-two week high of $7.60. The business has a fifty day simple moving average of $6.26 and a 200 day simple moving average of $5.19.

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.