Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) Sees Large Decline in Short Interest

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 10,400 shares, a drop of 49.3% from the July 31st total of 20,500 shares. Based on an average trading volume of 9,200 shares, the short-interest ratio is presently 1.1 days. Currently, 0.1% of the shares of the stock are sold short.

In other Perma-Fix Environmental Services news, Director Joe Reeder acquired 7,500 shares of Perma-Fix Environmental Services stock in a transaction dated Wednesday, August 28th. The stock was bought at an average cost of $3.97 per share, with a total value of $29,775.00. Following the acquisition, the director now owns 174,647 shares of the company’s stock, valued at $693,348.59. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 29,994 shares of company stock valued at $118,164 over the last ninety days. 7.61% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. River & Mercantile Asset Management LLP bought a new position in Perma-Fix Environmental Services during the 2nd quarter valued at about $608,000. Vanguard Group Inc. lifted its holdings in Perma-Fix Environmental Services by 7.0% during the 2nd quarter. Vanguard Group Inc. now owns 262,057 shares of the industrial products company’s stock valued at $1,024,000 after purchasing an additional 17,200 shares during the last quarter. Finally, Heartland Advisors Inc. lifted its holdings in Perma-Fix Environmental Services by 4.5% during the 2nd quarter. Heartland Advisors Inc. now owns 1,424,368 shares of the industrial products company’s stock valued at $5,569,000 after purchasing an additional 60,901 shares during the last quarter. 24.77% of the stock is owned by hedge funds and other institutional investors.

PESI stock traded up $0.08 during trading on Friday, hitting $3.86. 1,200 shares of the stock traded hands, compared to its average volume of 12,292. Perma-Fix Environmental Services has a one year low of $1.90 and a one year high of $4.80. The stock has a market cap of $45.87 million, a price-to-earnings ratio of 380.00 and a beta of 0.86. The company has a 50 day simple moving average of $3.84 and a 200 day simple moving average of $3.85. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter. Perma-Fix Environmental Services had a negative net margin of 4.85% and a negative return on equity of 8.21%. The firm had revenue of $17.14 million during the quarter.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. It operates in three segments: Treatment, Services, and Medical. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.

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