Short Interest in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Expands By 79.8%

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 150,861 shares, an increase of 79.8% from the April 15th total of 83,890 shares. Based on an average daily trading volume, of 269,264 shares, the short-interest ratio is currently 0.6 days. Currently, 1.9% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Pioneer Power Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Pioneer Power Solutions presently has an average rating of “Hold” and an average price target of $7.00.

Pioneer Power Solutions Trading Up 1.0%

NASDAQ:PPSI opened at $4.02 on Tuesday. The firm has a market cap of $44.62 million, a PE ratio of -8.74 and a beta of 1.67. The stock has a fifty day moving average price of $3.37 and a 200 day moving average price of $3.90. Pioneer Power Solutions has a 12-month low of $2.35 and a 12-month high of $5.70. The company has a current ratio of 5.23, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01.

Pioneer Power Solutions (NASDAQ:PPSI) last released its earnings results on Friday, May 15th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.11). The company had revenue of $4.27 million during the quarter, compared to analysts’ expectations of $4.70 million. Pioneer Power Solutions had a negative net margin of 30.13% and a negative return on equity of 22.18%. Sell-side analysts anticipate that Pioneer Power Solutions will post -0.39 earnings per share for the current fiscal year.

Institutional Trading of Pioneer Power Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of PPSI. XTX Topco Ltd acquired a new stake in Pioneer Power Solutions in the second quarter valued at $55,000. James Investment Research Inc. acquired a new stake in Pioneer Power Solutions in the third quarter valued at $94,000. Stratos Wealth Advisors LLC raised its stake in Pioneer Power Solutions by 66.7% in the third quarter. Stratos Wealth Advisors LLC now owns 25,000 shares of the company’s stock valued at $108,000 after buying an additional 10,000 shares in the last quarter. Group One Trading LLC raised its stake in Pioneer Power Solutions by 1,860.3% in the third quarter. Group One Trading LLC now owns 11,762 shares of the company’s stock valued at $51,000 after buying an additional 11,162 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Pioneer Power Solutions by 19.6% in the third quarter. Dimensional Fund Advisors LP now owns 65,550 shares of the company’s stock valued at $283,000 after buying an additional 10,741 shares in the last quarter. 10.92% of the stock is currently owned by institutional investors and hedge funds.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.