PS International Group Ltd. (NASDAQ:PSIG – Get Free Report) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 21,187 shares, an increase of 99.7% from the April 15th total of 10,612 shares. Based on an average daily trading volume, of 460,258 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.4% of the shares of the company are short sold.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded PS International Group to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of PS International Group in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, PS International Group presently has a consensus rating of “Sell”.
View Our Latest Analysis on PSIG
PS International Group Stock Performance
Institutional Investors Weigh In On PS International Group
A hedge fund recently bought a new stake in PS International Group stock. Renaissance Technologies LLC purchased a new position in shares of PS International Group Ltd. (NASDAQ:PSIG – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,977 shares of the company’s stock, valued at approximately $54,000. Renaissance Technologies LLC owned about 0.13% of PS International Group at the end of the most recent reporting period. Institutional investors own 29.70% of the company’s stock.
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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