Pingtan Marine Enterprise Ltd. (NASDAQ:PME) Short Interest Up 90.0% in December
Pingtan Marine Enterprise Ltd. (NASDAQ:PME) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 13,300 shares, an increase of 90.0% from the December 15th total of 7,000 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 140,300 shares, the days-to-cover ratio is presently 0.1 days.
Separately, ValuEngine cut Pingtan Marine Enterprise from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 1st.
PME stock opened at $1.86 on Thursday. The stock has a market capitalization of $147.50 million, a PE ratio of 15.50 and a beta of -0.13. Pingtan Marine Enterprise has a 12-month low of $0.57 and a 12-month high of $2.50. The company has a current ratio of 0.90, a quick ratio of 0.60 and a debt-to-equity ratio of 1.34. The stock’s 50 day simple moving average is $1.99 and its 200 day simple moving average is $1.58.
About Pingtan Marine Enterprise
Pingtan Marine Enterprise Ltd., through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co, Ltd., engages in the ocean fishing business. The company catches a range of fish species, such as squid, ribbon fish, croaker fish, and cuttlefish. As of December 31, 2019, it owned 41 squid jigging vessels, 26 trawlers, 25 seine vessels, 13 drifters, 4 longline fishing vessels, and 2 transport vessels, as well as had operating license rights to 20 drifters.
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