Short Interest in PAMT Corp. (NASDAQ:PAMT) Declines By 13.8%

PAMT Corp. (NASDAQ:PAMT) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 50,436 shares, a decline of 13.8% from the December 31st total of 58,481 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 29,017 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 29,017 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.9% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of PAMT in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $13.00.

Hedge Funds Weigh In On PAMT

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of PAMT in the second quarter valued at $44,000. HHM Wealth Advisors LLC bought a new stake in PAMT during the 2nd quarter worth about $50,000. Bridgeway Capital Management LLC increased its position in PAMT by 3.4% in the 3rd quarter. Bridgeway Capital Management LLC now owns 176,928 shares of the company’s stock valued at $2,017,000 after acquiring an additional 5,797 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of PAMT in the second quarter worth about $88,000. Finally, Strs Ohio bought a new position in shares of PAMT in the first quarter worth about $100,000. Institutional investors and hedge funds own 22.06% of the company’s stock.

PAMT Price Performance

Shares of NASDAQ PAMT traded up $0.11 during mid-day trading on Tuesday, hitting $12.07. 3,632 shares of the stock were exchanged, compared to its average volume of 24,128. PAMT has a twelve month low of $8.90 and a twelve month high of $17.29. The stock’s fifty day simple moving average is $11.07 and its two-hundred day simple moving average is $11.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.77 and a current ratio of 1.79. The company has a market cap of $252.63 million, a P/E ratio of -4.73 and a beta of 0.80.

About PAMT

PAM Transportation Services, Inc (NASDAQ: PAMT) is a specialized truckload carrier and logistics provider headquartered in Tontitown, Arkansas. Established in 1980, the company offers full truckload and dedicated transportation services across North America. PAMT’s freight network is configured to handle both temperature-controlled and dry goods, catering to clients in the food and beverage, retail, consumer packaged goods and industrial sectors.

The company operates a fleet of company-owned tractors and trailers, supported by a network of terminal locations and drop-yard facilities.