PS International Group Ltd. (NASDAQ:PSIG) Short Interest Update

PS International Group Ltd. (NASDAQ:PSIG) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,522 shares, an increase of 59.7% from the January 15th total of 953 shares. Based on an average daily volume of 12,913 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 12,913 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On PS International Group

A hedge fund recently bought a new stake in PS International Group stock. Renaissance Technologies LLC purchased a new stake in shares of PS International Group Ltd. (NASDAQ:PSIG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 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. Hedge funds and other institutional investors own 29.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

PS International Group Price Performance

NASDAQ PSIG opened at $5.59 on Friday. The stock’s fifty day moving average is $4.63 and its two-hundred day moving average is $4.03. PS International Group has a fifty-two week low of $2.14 and a fifty-two week high of $6.92.

PS International Group Company Profile

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.