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

PS International Group Ltd. (NASDAQ:PSIG) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 10,466 shares, an increase of 587.6% from the January 29th total of 1,522 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 90,363 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 90,363 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On PS International Group

An institutional investor recently bought a new position in PS International Group stock. Renaissance Technologies LLC bought a new stake in shares of PS International Group Ltd. (NASDAQ:PSIG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,977 shares of the company’s stock, valued at approximately $54,000. Renaissance Technologies LLC owned about 0.13% of PS International Group at the end of the most recent reporting period. Institutional investors and hedge funds own 29.70% of the company’s stock.

Analyst Ratings Changes

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

PS International Group Stock Performance

NASDAQ:PSIG opened at $5.79 on Thursday. PS International Group has a fifty-two week low of $2.14 and a fifty-two week high of $6.92. The company has a fifty day moving average of $4.83 and a two-hundred day moving average of $4.20.

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.