PS International Group Ltd. (NASDAQ:PSIG) Short Interest Update

PS International Group Ltd. (NASDAQ:PSIG) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,522 shares, an increase of 59.7% from the January 15th total of 953 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 12,913 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 12,913 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On PS International Group

An institutional investor recently bought a new position in PS International Group stock. Renaissance Technologies LLC bought a new stake in shares of PS International Group Ltd. (NASDAQ:PSIG) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 10,977 shares of the company’s stock, valued at approximately $54,000. Renaissance Technologies LLC owned 0.13% of PS International Group as of its most recent filing with the SEC. Hedge funds and other institutional investors own 29.70% of the company’s stock.

PS International Group Price Performance

Shares of PS International Group stock traded up $0.58 during trading hours on Friday, hitting $5.59. The company’s stock had a trading volume of 305,931 shares, compared to its average volume of 37,107. The business has a fifty day moving average of $4.63 and a 200 day moving average of $4.04. PS International Group has a 1-year low of $2.14 and a 1-year high of $6.92.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of PS International Group in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.