Short Interest in PS International Group Ltd. (NASDAQ:PSIG) Declines By 89.4%

PS International Group Ltd. (NASDAQ:PSIG) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 1,108 shares, a decline of 89.4% from the February 12th total of 10,466 shares. Based on an average daily volume of 79,744 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 79,744 shares, the days-to-cover ratio is presently 0.0 days.

PS International Group Trading Down 0.9%

Shares of PS International Group stock opened at $5.79 on Wednesday. The firm’s 50-day simple moving average is $5.19 and its 200-day simple moving average is $4.42. PS International Group has a twelve month low of $2.14 and a twelve month high of $6.92.

Hedge Funds Weigh In On PS International Group

A hedge fund recently bought a new stake in PS International Group stock. Renaissance Technologies LLC bought a new position in shares of PS International Group Ltd. (NASDAQ:PSIG) in the 4th quarter, according to the company in its most recent 13F 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 at the end of the most recent reporting period. 29.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

About PS International Group

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.