Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Sees Large Decrease in Short Interest

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 50,940 shares, a decline of 53.7% from the September 15th total of 110,082 shares. Based on an average daily volume of 114,472 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. HC Wainwright reaffirmed a “buy” rating on shares of Pioneer Power Solutions in a report on Tuesday, August 18th. Weiss Ratings lowered Pioneer Power Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Group One Trading LLC lifted its stake in Pioneer Power Solutions by 577.9% in the 1st quarter. Group One Trading LLC now owns 8,928 shares of the company’s stock valued at $29,000 after buying an additional 7,611 shares in the last quarter. Renaissance Technologies LLC increased its stake in Pioneer Power Solutions by 85.0% during the 1st quarter. Renaissance Technologies LLC now owns 64,200 shares of the company’s stock worth $209,000 after buying an additional 29,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Pioneer Power Solutions by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 77,223 shares of the company’s stock worth $251,000 after buying an additional 5,530 shares in the last quarter. 10.92% of the stock is owned by hedge funds and other institutional investors.

Pioneer Power Solutions Price Performance

NASDAQ PPSI traded down $0.09 on Tuesday, hitting $2.87. The company had a trading volume of 36,892 shares, compared to its average volume of 147,224. The company has a market capitalization of $31.80 million, a PE ratio of -4.94 and a beta of 1.78. The company’s fifty day moving average price is $3.07 and its 200-day moving average price is $3.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.11 and a quick ratio of 2.92. Pioneer Power Solutions has a 12-month low of $2.35 and a 12-month high of $6.29.

Pioneer Power Solutions (NASDAQ:PPSI) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $4.78 million. As a group, analysts predict that Pioneer Power Solutions will post -0.62 earnings per share for the current year.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc is an energy infrastructure company that provides electrical power equipment and related services in the United States. Its activities focus on distributed power generation, electrical distribution systems, microgrids and other solutions designed to support reliable and resilient electricity supply.

Through its operating businesses, the company designs, supplies, installs and services power-generation and electrical-infrastructure systems for commercial, industrial, institutional and other customers.