PS International Group Ltd. (NASDAQ:PSIG) Short Interest Down 89.8% in January

PS International Group Ltd. (NASDAQ:PSIG) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 953 shares, a decrease of 89.8% from the December 31st total of 9,315 shares. Based on an average daily trading volume, of 38,629 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 38,629 shares, the days-to-cover ratio is presently 0.0 days.

PS International Group Stock Performance

PSIG remained flat at $4.22 during midday trading on Tuesday. 11,069 shares of the company traded hands, compared to its average volume of 37,384. The company’s 50 day moving average price is $4.30 and its two-hundred day moving average price is $3.84. PS International Group has a 52-week low of $2.14 and a 52-week high of $5.96.

Wall Street Analyst Weigh In

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