Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Short Interest Up 102.7% in August

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 86,261 shares, an increase of 102.7% from the August 15th total of 42,563 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 141,283 shares, the short-interest ratio is presently 0.6 days.

Pioneer Power Solutions Stock Down 1.0%

Shares of NASDAQ PPSI traded down $0.03 during trading hours on Tuesday, hitting $3.02. The company had a trading volume of 125,592 shares, compared to its average volume of 90,946. The stock has a market capitalization of $33.52 million, a P/E ratio of -5.21 and a beta of 1.85. The company has a quick ratio of 2.92, a current ratio of 4.11 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $3.06 and its 200-day moving average is $3.54. Pioneer Power Solutions has a 1-year low of $2.35 and a 1-year high of $6.29.

Pioneer Power Solutions (NASDAQ:PPSI) last announced its quarterly earnings results on Monday, August 17th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). Pioneer Power Solutions had a negative return on equity of 27.64% and a negative net margin of 38.11%.The business had revenue of $5.02 million for the quarter, compared to analyst estimates of $4.78 million. On average, analysts expect that Pioneer Power Solutions will post -0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. HC Wainwright reiterated a “buy” rating on shares of Pioneer Power Solutions in a report on Tuesday, August 18th. Wall Street Zen cut Pioneer Power Solutions from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings lowered Pioneer Power Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 17th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Pioneer Power Solutions presently has a consensus rating of “Hold” and a consensus price target of $7.00.

Institutional Investors Weigh In On Pioneer Power Solutions

A number of large investors have recently added to or reduced their stakes in the business. Group One Trading LLC grew its position in shares of Pioneer Power Solutions by 577.9% in the first quarter. Group One Trading LLC now owns 8,928 shares of the company’s stock valued at $29,000 after purchasing an additional 7,611 shares during the last quarter. Renaissance Technologies LLC raised its stake in Pioneer Power Solutions by 85.0% in the first quarter. Renaissance Technologies LLC now owns 64,200 shares of the company’s stock valued at $209,000 after purchasing an additional 29,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Pioneer Power Solutions by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 77,223 shares of the company’s stock worth $251,000 after acquiring an additional 5,530 shares during the period. Institutional investors own 10.92% of the company’s stock.

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.