Pingtan Marine Enterprise Ltd. (NASDAQ:PME) Short Interest Up 933.3% in December

Pingtan Marine Enterprise Ltd. (NASDAQ:PME) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 3,100 shares, a growth of 933.3% from the December 15th total of 300 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 362,000 shares, the short-interest ratio is currently 0.0 days.

Shares of NASDAQ:PME opened at $0.72 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.23 and a debt-to-equity ratio of 2.94. Pingtan Marine Enterprise has a 1 year low of $0.42 and a 1 year high of $1.95. The business has a fifty day simple moving average of $0.71 and a 200 day simple moving average of $0.74.

Pingtan Marine Enterprise (NASDAQ:PME) last announced its quarterly earnings data on Tuesday, November 16th. The company reported $0.03 earnings per share (EPS) for the quarter. Pingtan Marine Enterprise had a negative return on equity of 25.82% and a negative net margin of 67.13%. The business had revenue of $36.10 million during the quarter.

A hedge fund recently raised its stake in Pingtan Marine Enterprise stock. Citadel Advisors LLC boosted its holdings in shares of Pingtan Marine Enterprise Ltd. (NASDAQ:PME) by 30.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,292 shares of the company’s stock after buying an additional 26,345 shares during the quarter. Citadel Advisors LLC owned about 0.13% of Pingtan Marine Enterprise worth $84,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.43% of the company’s stock.

Separately, TheStreet lowered Pingtan Marine Enterprise from a “c-” rating to a “d” rating in a report on Thursday, October 14th.

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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