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

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 109,200 shares, a drop of 39.9% from the September 15th total of 181,700 shares. Based on an average daily trading volume, of 1,680,000 shares, the short-interest ratio is currently 0.1 days. Currently, 1.3% of the shares of the company are short sold. Currently, 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,680,000 shares, the short-interest ratio is currently 0.1 days.

Pioneer Power Solutions Stock Performance

PPSI opened at $4.57 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.42 and a quick ratio of 4.35. The business has a fifty day simple moving average of $4.15 and a 200 day simple moving average of $3.27. Pioneer Power Solutions has a 1 year low of $2.25 and a 1 year high of $7.00. The company has a market capitalization of $50.73 million, a PE ratio of -6.72 and a beta of 1.09.

Pioneer Power Solutions (NASDAQ:PPSI) last posted its earnings results on Thursday, August 14th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.07. The company had revenue of $8.37 million during the quarter, compared to the consensus estimate 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. Research analysts expect that Pioneer Power Solutions will post 0.32 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Pioneer Power Solutions

An institutional investor recently bought a new position in Pioneer Power Solutions stock. Legacy Advisors LLC bought a new position in shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,025 shares of the company’s stock, valued at approximately $51,000. Legacy Advisors LLC owned 0.15% of Pioneer Power Solutions at the end of the most recent quarter. 10.92% of the stock is owned by institutional investors and hedge funds.

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.