Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Short Interest Update

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 77,500 shares, a decrease of 19.4% from the December 31st total of 96,200 shares. Based on an average daily volume of 133,200 shares, the short-interest ratio is currently 0.6 days. Approximately 0.9% of the company’s stock are sold short.

Analyst Ratings Changes

PPSI has been the topic of a number of research analyst reports. HC Wainwright restated a “buy” rating and set a $12.00 price objective on shares of Pioneer Power Solutions in a research report on Thursday, October 31st. StockNews.com raised shares of Pioneer Power Solutions to a “sell” rating in a research report on Saturday, November 2nd.

Institutional Trading of Pioneer Power Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in Pioneer Power Solutions in the third quarter valued at $77,000. Jane Street Group LLC purchased a new position in shares of Pioneer Power Solutions during the third quarter worth about $51,000. Geode Capital Management LLC increased its position in Pioneer Power Solutions by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 97,745 shares of the company’s stock valued at $459,000 after acquiring an additional 11,258 shares during the period. Evernest Financial Advisors LLC purchased a new stake in Pioneer Power Solutions during the 3rd quarter valued at approximately $385,000. Finally, Dimensional Fund Advisors LP lifted its position in Pioneer Power Solutions by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock worth $222,000 after acquiring an additional 8,401 shares during the period. Hedge funds and other institutional investors own 10.92% of the company’s stock.

Pioneer Power Solutions Stock Performance

NASDAQ:PPSI traded down $0.04 during mid-day trading on Friday, reaching $3.67. 52,012 shares of the stock were exchanged, compared to its average volume of 54,882. The company has a quick ratio of 0.69, a current ratio of 1.41 and a debt-to-equity ratio of 0.01. Pioneer Power Solutions has a 1 year low of $3.35 and a 1 year high of $7.00. The company has a 50 day simple moving average of $4.64 and a 200-day simple moving average of $4.93. The stock has a market capitalization of $40.41 million, a P/E ratio of -5.40 and a beta of 0.71.

Pioneer Power Solutions Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th were issued a $1.50 dividend. This is a boost from Pioneer Power Solutions’s previous dividend of $0.12. The ex-dividend date was Tuesday, December 17th.

About Pioneer Power Solutions

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.