Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Short Interest Update

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 86,261 shares, a growth of 102.7% from the August 15th total of 42,563 shares. Based on an average trading volume of 141,283 shares, the short-interest ratio is presently 0.6 days. Approximately 1.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. HC Wainwright reaffirmed a “buy” rating on shares of Pioneer Power Solutions in a report on Tuesday, August 18th. Weiss Ratings cut Pioneer Power Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 17th. Finally, Wall Street Zen lowered shares of Pioneer Power Solutions from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.00.

Hedge Funds Weigh In On Pioneer Power Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in Pioneer Power Solutions by 85.0% during the first quarter. Renaissance Technologies LLC now owns 64,200 shares of the company’s stock worth $209,000 after acquiring an additional 29,500 shares in the last quarter. Group One Trading LLC increased its stake in shares of Pioneer Power Solutions by 577.9% during the 1st quarter. Group One Trading LLC now owns 8,928 shares of the company’s stock worth $29,000 after purchasing an additional 7,611 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Pioneer Power Solutions by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 77,223 shares of the company’s stock valued at $251,000 after purchasing an additional 5,530 shares during the period. 10.92% of the stock is owned by institutional investors.

Pioneer Power Solutions Stock Down 0.3%

Shares of Pioneer Power Solutions stock traded down $0.01 during trading hours on Monday, reaching $3.05. 95,802 shares of the company’s stock were exchanged, compared to its average volume of 152,679. The stock has a market cap of $33.85 million, a P/E ratio of -5.26 and a beta of 1.85. The company has a 50 day moving average of $3.08 and a two-hundred day moving average of $3.55. The company has a current ratio of 4.11, a quick ratio of 2.92 and a debt-to-equity ratio of 0.01. Pioneer Power Solutions has a fifty-two week low of $2.35 and a fifty-two week high of $6.29.

Pioneer Power Solutions (NASDAQ:PPSI) last released its earnings results on Monday, August 17th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.06). Pioneer Power Solutions had a negative return on equity of 27.64% and a negative net margin of 38.11%.The company had revenue of $5.02 million for the quarter, compared to the consensus estimate of $4.78 million. On average, sell-side analysts forecast that Pioneer Power Solutions will post -0.62 EPS for the current fiscal year.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.