Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Short Interest Update

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 150,861 shares, a growth of 79.8% from the April 15th total of 83,890 shares. Based on an average daily volume of 269,264 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.9% of the company’s shares are sold short.

Pioneer Power Solutions Stock Performance

Shares of NASDAQ PPSI opened at $3.98 on Monday. Pioneer Power Solutions has a one year low of $2.35 and a one year high of $5.70. The firm has a market capitalization of $44.18 million, a PE ratio of -8.65 and a beta of 1.67. The company has a current ratio of 5.23, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $3.36 and a two-hundred day moving average price of $3.90.

Pioneer Power Solutions (NASDAQ:PPSI) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.11). Pioneer Power Solutions had a negative return on equity of 22.18% and a negative net margin of 30.13%.The business had revenue of $4.27 million for the quarter, compared to analyst estimates of $4.70 million. As a group, analysts predict that Pioneer Power Solutions will post -0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Pioneer Power Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in shares of Pioneer Power Solutions by 85.0% in the 1st quarter. Renaissance Technologies LLC now owns 64,200 shares of the company’s stock valued at $209,000 after acquiring an additional 29,500 shares in the last quarter. Group One Trading LLC raised its stake in shares of Pioneer Power Solutions by 577.9% in the 1st quarter. Group One Trading LLC now owns 8,928 shares of the company’s stock valued at $29,000 after acquiring an additional 7,611 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Pioneer Power Solutions by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 77,223 shares of the company’s stock valued at $251,000 after acquiring an additional 5,530 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Pioneer Power Solutions in the 4th quarter valued at approximately $65,000. Finally, State Street Corp raised its stake in shares of Pioneer Power Solutions by 12.6% in the 4th quarter. State Street Corp now owns 34,028 shares of the company’s stock valued at $161,000 after acquiring an additional 3,800 shares in the last quarter. 10.92% of the stock is owned by institutional investors.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.