PS International Group Ltd. (NASDAQ:PSIG) Sees Significant Growth in Short Interest

PS International Group Ltd. (NASDAQ:PSIG) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 21,187 shares, an increase of 99.7% from the April 15th total of 10,612 shares. Based on an average trading volume of 460,258 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.4% of the company’s stock are short sold.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PS International Group in a research note on Tuesday, April 21st. Wall Street Zen upgraded PS International Group to a “hold” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

PS International Group Stock Up 1.4%

Shares of PS International Group stock traded up $0.10 during trading on Friday, hitting $7.25. 2,112,855 shares of the stock traded hands, compared to its average volume of 520,756. PS International Group has a twelve month low of $2.23 and a twelve month high of $7.45. The company has a fifty day moving average price of $6.26 and a two-hundred day moving average price of $5.18.

Institutional Investors Weigh In On PS International Group

An institutional investor recently raised its position in PS International Group stock. Renaissance Technologies LLC increased its stake in PS International Group Ltd. (NASDAQ:PSIG) by 140.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 26,401 shares of the company’s stock after purchasing an additional 15,424 shares during the quarter. Renaissance Technologies LLC owned approximately 0.17% of PS International Group worth $162,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 29.70% of the company’s stock.

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.