Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 10,400 shares, a decrease of 49.3% from the July 31st total of 20,500 shares. Based on an average trading volume of 9,200 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.1% of the shares of the stock are sold short.

PESI stock traded up $0.08 during trading on Friday, hitting $3.86. 1,200 shares of the company’s stock traded hands, compared to its average volume of 12,292. Perma-Fix Environmental Services has a 52 week low of $1.90 and a 52 week high of $4.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.98. The business has a fifty day simple moving average of $3.85 and a 200 day simple moving average of $3.86. The stock has a market capitalization of $45.87 million, a price-to-earnings ratio of 380.00 and a beta of 0.86.

Perma-Fix Environmental Services (NASDAQ:PESI) last released its quarterly earnings data on Thursday, August 8th. The industrial products company reported $0.03 EPS for the quarter. Perma-Fix Environmental Services had a negative net margin of 4.85% and a negative return on equity of 8.21%. The business had revenue of $17.14 million during the quarter.

In related news, Director Joe Reeder bought 17,894 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $3.95 per share, for a total transaction of $70,681.30. Following the completion of the transaction, the director now owns 174,647 shares in the company, valued at $689,855.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have purchased 29,994 shares of company stock valued at $118,164. 7.61% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. River & Mercantile Asset Management LLP bought a new position in Perma-Fix Environmental Services during the second quarter valued at $608,000. Vanguard Group Inc. lifted its position in Perma-Fix Environmental Services by 7.0% during the second quarter. Vanguard Group Inc. now owns 262,057 shares of the industrial products company’s stock valued at $1,024,000 after purchasing an additional 17,200 shares during the last quarter. Finally, Heartland Advisors Inc. lifted its position in Perma-Fix Environmental Services by 4.5% during the second quarter. Heartland Advisors Inc. now owns 1,424,368 shares of the industrial products company’s stock valued at $5,569,000 after purchasing an additional 60,901 shares during the last quarter. Institutional investors and hedge funds own 24.77% of the company’s stock.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. It operates in three segments: Treatment, Services, and Medical. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.

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