Power Solutions International, Inc. (NASDAQ:PSIX) Short Interest Update

Power Solutions International, Inc. (NASDAQ:PSIX) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,140,321 shares, a drop of 17.9% from the February 12th total of 1,388,891 shares. Approximately 5.0% of the company’s stock are short sold. Based on an average daily volume of 391,974 shares, the short-interest ratio is currently 2.9 days. Based on an average daily volume of 391,974 shares, the short-interest ratio is currently 2.9 days. Approximately 5.0% of the company’s stock are short sold.

Power Solutions International Stock Performance

Shares of NASDAQ:PSIX traded up $2.52 during trading on Monday, hitting $59.26. 850,623 shares of the stock traded hands, compared to its average volume of 560,681. The company has a quick ratio of 1.77, a current ratio of 3.15 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average price of $75.47 and a two-hundred day moving average price of $76.73. Power Solutions International has a 52-week low of $18.10 and a 52-week high of $121.78. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 11.97 and a beta of 2.03.

Institutional Investors Weigh In On Power Solutions International

A number of institutional investors have recently added to or reduced their stakes in PSIX. Truvestments Capital LLC lifted its stake in Power Solutions International by 3.9% in the 4th quarter. Truvestments Capital LLC now owns 3,039 shares of the company’s stock valued at $174,000 after buying an additional 114 shares in the last quarter. Creative Planning raised its holdings in shares of Power Solutions International by 1.8% during the third quarter. Creative Planning now owns 10,819 shares of the company’s stock valued at $1,063,000 after acquiring an additional 196 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Power Solutions International by 1.7% in the fourth quarter. Russell Investments Group Ltd. now owns 15,025 shares of the company’s stock valued at $859,000 after acquiring an additional 249 shares in the last quarter. Federated Hermes Inc. purchased a new position in shares of Power Solutions International in the third quarter valued at approximately $26,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Power Solutions International by 2,672.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock worth $30,000 after acquiring an additional 294 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on PSIX shares. Jefferies Financial Group assumed coverage on shares of Power Solutions International in a report on Monday, December 1st. They issued a “buy” rating and a $110.51 price target on the stock. Loop Capital set a $107.00 price objective on Power Solutions International in a research report on Wednesday, March 4th. Wall Street Zen lowered Power Solutions International from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Power Solutions International in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.26.

About Power Solutions International

Power Solutions International, Inc is a global designer and manufacturer of integrated powertrain solutions for commercial vehicle, industrial and military applications. Headquartered in Wood Dale, Illinois, the company develops and assembles advanced diesel engine and transmission packages under the Atlas® brand, combining proprietary engine technology with high-efficiency transmissions to deliver power-dense systems. These solutions are tailored for medium- and heavy-duty trucks, buses, construction equipment, generator sets and specialty vehicles.

In addition to complete powertrain systems, the company offers a broad range of component products including diesel engines, transmissions and aftertreatment modules.