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

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 150,861 shares, a growth of 79.8% from the April 15th total of 83,890 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 269,264 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in Pioneer Power Solutions by 85.0% during the first quarter. Renaissance Technologies LLC now owns 64,200 shares of the company’s stock worth $209,000 after acquiring an additional 29,500 shares during the period. XTX Topco Ltd acquired a new position in Pioneer Power Solutions during the fourth quarter worth about $65,000. State Street Corp grew its holdings in Pioneer Power Solutions by 12.6% during the fourth quarter. State Street Corp now owns 34,028 shares of the company’s stock worth $161,000 after acquiring an additional 3,800 shares during the period. Dimensional Fund Advisors LP grew its holdings in Pioneer Power Solutions by 9.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 71,693 shares of the company’s stock worth $339,000 after acquiring an additional 6,143 shares during the period. Finally, Spectrum Investment Advisors Inc. acquired a new position in Pioneer Power Solutions during the fourth quarter worth about $650,000. 10.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Pioneer Power Solutions from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7.00.

Pioneer Power Solutions Price Performance

Shares of PPSI opened at $3.98 on Monday. The firm has a market capitalization of $44.18 million, a price-to-earnings ratio of -8.65 and a beta of 1.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 5.23. Pioneer Power Solutions has a one year low of $2.35 and a one year high of $5.70. The stock’s fifty day moving average is $3.36 and its 200-day moving average is $3.90.

Pioneer Power Solutions (NASDAQ:PPSI) last released its earnings results on Friday, May 15th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.11). The firm had revenue of $4.27 million for the quarter, compared to analyst estimates of $4.70 million. Pioneer Power Solutions had a negative return on equity of 22.18% and a negative net margin of 30.13%. Equities analysts anticipate that Pioneer Power Solutions will post -0.39 EPS for the current year.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.