Short Interest in PS International Group Ltd. (NASDAQ:PSIG) Declines By 89.8%

PS International Group Ltd. (NASDAQ:PSIG) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 953 shares, a decline of 89.8% from the December 31st total of 9,315 shares. Based on an average daily trading volume, of 38,629 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 38,629 shares, the short-interest ratio is presently 0.0 days.

PS International Group Stock Performance

Shares of NASDAQ:PSIG traded up $0.07 during midday trading on Wednesday, hitting $4.29. The company’s stock had a trading volume of 3,687 shares, compared to its average volume of 26,710. The business’s 50 day simple moving average is $4.30 and its 200 day simple moving average is $3.84. PS International Group has a 12-month low of $2.14 and a 12-month high of $5.96.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of PS International Group in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

PS International Group Company Profile

PS International Group, Inc (NASDAQ:PSIG) is a specialized provider of engineered pipe supports, hangers and accessories for industrial applications. The company’s product suite encompasses custom‐designed brackets, snubbers, spring supports, insulation components and vibration‐control solutions that help maintain the integrity of pressure piping systems under a wide range of operating conditions.

Serving diverse end markets—including oil and gas production, petrochemical processing, power generation, refining and industrial construction—PS International Group integrates in-house design, manufacturing and distribution capabilities to meet project-specific requirements.