Perimeter Solutions, SA (NYSE:PRM) Short Interest Up 17.7% in February

Perimeter Solutions, SA (NYSE:PRM) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 3,320,000 shares, a growth of 17.7% from the February 13th total of 2,820,000 shares. Based on an average daily trading volume, of 1,150,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 2.4% of the shares of the company are sold short.

Perimeter Solutions Price Performance

NYSE:PRM traded up $0.16 during mid-day trading on Thursday, hitting $9.43. The company’s stock had a trading volume of 297,559 shares, compared to its average volume of 1,139,335. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of -67.35 and a beta of 1.93. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. Perimeter Solutions has a fifty-two week low of $6.13 and a fifty-two week high of $14.44. The stock has a fifty day moving average of $11.44 and a 200-day moving average of $12.32.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.21. The firm had revenue of $86.23 million during the quarter, compared to analysts’ expectations of $77.01 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. As a group, equities analysts forecast that Perimeter Solutions will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Vivek Raj sold 250,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the completion of the transaction, the director now directly owns 471,226 shares in the company, valued at $4,321,142.42. This represents a 34.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Perimeter Solutions

Several large investors have recently bought and sold shares of the company. Summit Investment Advisors Inc. lifted its stake in Perimeter Solutions by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 14,000 shares of the company’s stock valued at $179,000 after buying an additional 889 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Perimeter Solutions by 14.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company’s stock valued at $151,000 after purchasing an additional 1,519 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of Perimeter Solutions by 6.7% in the fourth quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company’s stock valued at $363,000 after purchasing an additional 1,778 shares in the last quarter. Sei Investments Co. boosted its position in shares of Perimeter Solutions by 2.2% during the fourth quarter. Sei Investments Co. now owns 89,063 shares of the company’s stock worth $1,138,000 after buying an additional 1,884 shares during the period. Finally, Townsquare Capital LLC lifted its stake in Perimeter Solutions by 11.8% in the 4th quarter. Townsquare Capital LLC now owns 21,370 shares of the company’s stock valued at $273,000 after acquiring an additional 2,258 shares in the last quarter. Institutional investors own 89.93% of the company’s stock.

About Perimeter Solutions

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.