Short Interest in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Decreases By 39.9%

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 109,200 shares, a decrease of 39.9% from the September 15th total of 181,700 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 1,680,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 1,680,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.3% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Pioneer Power Solutions in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Pioneer Power Solutions to a “hold” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Pioneer Power Solutions Price Performance

Pioneer Power Solutions stock opened at $4.57 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.35 and a current ratio of 5.42. Pioneer Power Solutions has a 52 week low of $2.25 and a 52 week high of $7.00. The stock has a market capitalization of $50.73 million, a P/E ratio of -6.72 and a beta of 1.09. The stock has a fifty day moving average of $4.15 and a 200-day moving average of $3.27.

Pioneer Power Solutions (NASDAQ:PPSI) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.07. The business had revenue of $8.37 million for the quarter, compared to analyst estimates of $6.89 million. Pioneer Power Solutions had a negative return on equity of 11.16% and a net margin of 105.23%. Pioneer Power Solutions has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Pioneer Power Solutions will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pioneer Power Solutions

An institutional investor recently bought a new position in Pioneer Power Solutions stock. Legacy Advisors LLC acquired a new stake in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 16,025 shares of the company’s stock, valued at approximately $51,000. Legacy Advisors LLC owned about 0.15% of Pioneer Power Solutions at the end of the most recent reporting period. 10.92% of the stock is owned by hedge funds and other institutional investors.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc, together with its subsidiaries, design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions. The company operates through Electrical Infrastructure Equipment and Critical Power Solutions segments.