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

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 77,500 shares, a decline of 19.4% from the December 31st total of 96,200 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 133,200 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PPSI shares. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price target on shares of Pioneer Power Solutions in a research note on Thursday, October 31st. StockNews.com raised Pioneer Power Solutions to a “sell” rating in a report on Saturday, November 2nd.

Hedge Funds Weigh In On Pioneer Power Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in PPSI. Evernest Financial Advisors LLC acquired a new stake in shares of Pioneer Power Solutions in the third quarter worth $385,000. XTX Topco Ltd purchased a new position in Pioneer Power Solutions during the 3rd quarter valued at about $77,000. Geode Capital Management LLC increased its holdings in shares of Pioneer Power Solutions by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 97,745 shares of the company’s stock valued at $459,000 after purchasing an additional 11,258 shares during the period. Jane Street Group LLC purchased a new stake in Pioneer Power Solutions in the 3rd quarter worth approximately $51,000. Finally, Virtu Financial LLC purchased a new stake in shares of Pioneer Power Solutions during the third quarter worth $49,000. 10.92% of the stock is currently owned by hedge funds and other institutional investors.

Pioneer Power Solutions Price Performance

Shares of NASDAQ PPSI remained flat at $3.67 during mid-day trading on Monday. The stock had a trading volume of 39,808 shares, compared to its average volume of 59,658. The business’s 50-day moving average is $4.64 and its 200 day moving average is $4.94. The firm has a market cap of $40.41 million, a PE ratio of -5.40 and a beta of 0.68. Pioneer Power Solutions has a twelve month low of $3.35 and a twelve month high of $7.00. The company has a quick ratio of 0.69, a current ratio of 1.41 and a debt-to-equity ratio of 0.01.

Pioneer Power Solutions Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This is a positive change from Pioneer Power Solutions’s previous dividend of $0.12.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc, together with its subsidiaries, design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions. The company operates through Electrical Infrastructure Equipment and Critical Power Solutions segments.