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

PS International Group Ltd. (NASDAQ:PSIG) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 10,466 shares, an increase of 587.6% from the January 29th total of 1,522 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 90,363 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 90,363 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the shares of the stock are sold short.

Analyst Ratings Changes

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

PS International Group Stock Performance

Shares of NASDAQ PSIG traded up $0.22 during trading hours on Wednesday, hitting $5.79. 404,576 shares of the company traded hands, compared to its average volume of 62,406. The company’s 50 day moving average price is $4.83 and its 200 day moving average price is $4.20. PS International Group has a 12 month low of $2.14 and a 12 month high of $6.92.

Institutional Investors Weigh In On PS International Group

A hedge fund recently bought a new stake in PS International Group stock. Renaissance Technologies LLC bought a new position in PS International Group Ltd. (NASDAQ:PSIG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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 quarter. Institutional investors own 29.70% of the company’s stock.

About PS International Group

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.