Pingtan Marine Enterprise Ltd. (NASDAQ:PME) Sees Significant Decline in Short Interest

Pingtan Marine Enterprise Ltd. (NASDAQ:PME) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 14,300 shares, a drop of 82.7% from the September 15th total of 82,800 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 200,600 shares, the short-interest ratio is presently 0.1 days.

A number of institutional investors have recently modified their holdings of the business. Warberg Asset Management LLC bought a new stake in shares of Pingtan Marine Enterprise in the 1st quarter valued at about $58,000. Citadel Advisors LLC boosted its holdings in shares of Pingtan Marine Enterprise by 783.6% in the 1st quarter. Citadel Advisors LLC now owns 116,100 shares of the company’s stock valued at $121,000 after buying an additional 102,961 shares in the last quarter. Virtu Financial LLC boosted its holdings in shares of Pingtan Marine Enterprise by 143.7% in the 1st quarter. Virtu Financial LLC now owns 31,752 shares of the company’s stock valued at $33,000 after buying an additional 18,722 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Pingtan Marine Enterprise in the 1st quarter valued at about $475,000. Finally, UBS Group AG bought a new stake in shares of Pingtan Marine Enterprise in the 1st quarter valued at about $89,000. Institutional investors own 0.69% of the company’s stock.

Shares of Pingtan Marine Enterprise stock opened at $0.66 on Thursday. Pingtan Marine Enterprise has a 1 year low of $0.56 and a 1 year high of $2.50. The firm’s 50-day moving average is $0.70 and its two-hundred day moving average is $0.87. The stock has a market cap of $55.76 million, a price-to-earnings ratio of 8.13 and a beta of -0.54.

About Pingtan Marine Enterprise

Pingtan Marine Enterprise Ltd., through its subsidiary, engages in ocean fishing and sale of frozen marine catches. Its products include Japanese threadfin bream, red fish, ribbon fish, sea catfish, seabream, shrimp, silver pomfret, silver seaperch, slender shad, and spanish mackarel. The company was founded on February 27, 1998 and is headquartered in Fuzhou, China.

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