Pingtan Marine Enterprise Ltd (NASDAQ:PME) Short Interest Update

Pingtan Marine Enterprise Ltd (NASDAQ:PME) was the target of a large decline in short interest in June. As of June 30th, there was short interest totalling 21,300 shares, a decline of 31.5% from the May 30th total of 31,100 shares. Based on an average daily trading volume, of 20,300 shares, the short-interest ratio is presently 1.0 days. Currently, 0.1% of the shares of the company are sold short.

Pingtan Marine Enterprise stock traded down $0.04 during mid-day trading on Thursday, reaching $2.43. The company’s stock had a trading volume of 1,900 shares, compared to its average volume of 23,145. Pingtan Marine Enterprise has a 12-month low of $1.71 and a 12-month high of $3.00. The firm has a market cap of $195.27 million, a P/E ratio of 8.75 and a beta of 0.18. The company has a quick ratio of 1.01, a current ratio of 1.12 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average of $2.32.

Pingtan Marine Enterprise Company Profile

Pingtan Marine Enterprise Ltd., through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co, Ltd., engages in the ocean fishing business. The company harvests a range of fish species, such as ribbon and croaker fish, Peru squid, Argentina squid, sailfish, chub mackerel, cuttlefish, and pomfret with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, the Arafura Sea of Indonesia, the international waters of Atlantic and Pacific Oceans, and the international waters of Indian Ocean.

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