PS International Group Ltd. (NASDAQ:PSIG – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 139,665 shares, a decline of 51.0% from the July 15th total of 285,002 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 65,515 shares, the days-to-cover ratio is currently 2.1 days.
PS International Group Price Performance
NASDAQ:PSIG traded down $0.03 on Monday, reaching $1.09. The stock had a trading volume of 132,563 shares, compared to its average volume of 652,933. PS International Group has a 1-year low of $1.03 and a 1-year high of $12.00. The stock has a fifty day moving average price of $3.95 and a 200-day moving average price of $5.51.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in PS International Group stock. HRT Financial LP acquired a new stake in PS International Group Ltd. (NASDAQ:PSIG – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 23,299 shares of the company’s stock, valued at approximately $113,000. HRT Financial LP owned about 0.27% of PS International Group as of its most recent filing with the SEC. Institutional investors and hedge funds own 29.70% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Report on PS International Group
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.
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