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

PS International Group Ltd. (NASDAQ:PSIG) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,459 shares, a drop of 95.2% from the August 15th total of 113,863 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 854,839 shares, the short-interest ratio is presently 0.0 days.

PS International Group Trading Up 28.3%

Shares of PS International Group stock traded up $0.51 during trading on Thursday, reaching $2.29. The company’s stock had a trading volume of 4,081,882 shares, compared to its average volume of 548,361. The business’s 50-day moving average price is $1.48 and its 200-day moving average price is $5.06. PS International Group has a 52 week low of $1.03 and a 52 week high of $12.00.

Institutional Trading of PS International Group

An institutional investor recently bought a new position in PS International Group stock. Renaissance Technologies LLC acquired a new stake in PS International Group Ltd. (NASDAQ:PSIG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 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 SEC filing. Institutional investors own 29.70% of the company’s stock.

Wall Street Analyst Weigh In

PSIG has been the subject of a number of research analyst reports. Weiss Ratings cut PS International Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 20th. Wall Street Zen lowered PS International Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently 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.