Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Sees Significant Increase in Short Interest

Pioneer Power Solutions, Inc. (NASDAQ:PPSIGet Free Report) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 86,261 shares, a growth of 102.7% from the August 15th total of 42,563 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 141,283 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Pioneer Power Solutions

A number of large investors have recently added to or reduced their stakes in PPSI. Renaissance Technologies LLC increased its stake in Pioneer Power Solutions by 85.0% during the 1st quarter. Renaissance Technologies LLC now owns 64,200 shares of the company’s stock worth $209,000 after acquiring an additional 29,500 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Pioneer Power Solutions by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 77,223 shares of the company’s stock valued at $251,000 after acquiring an additional 5,530 shares during the period. Finally, Group One Trading LLC grew its holdings in shares of Pioneer Power Solutions by 577.9% during the 1st quarter. Group One Trading LLC now owns 8,928 shares of the company’s stock worth $29,000 after purchasing an additional 7,611 shares in the last quarter. Institutional investors and hedge funds own 10.92% of the company’s stock.

Analysts Set New Price Targets

PPSI has been the subject of a number of research analyst reports. Wall Street Zen cut Pioneer Power Solutions from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. HC Wainwright reiterated a “buy” rating on shares of Pioneer Power Solutions in a research note on Tuesday, August 18th. Finally, Weiss Ratings lowered Pioneer Power Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Pioneer Power Solutions currently has an average rating of “Hold” and a consensus price target of $7.00.

Check Out Our Latest Stock Analysis on Pioneer Power Solutions

Pioneer Power Solutions Stock Performance

Pioneer Power Solutions stock traded up $0.24 during midday trading on Wednesday, hitting $3.27. The company’s stock had a trading volume of 98,811 shares, compared to its average volume of 152,174. Pioneer Power Solutions has a 1-year low of $2.35 and a 1-year high of $6.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.11 and a quick ratio of 2.92. The company has a 50-day moving average price of $3.06 and a two-hundred day moving average price of $3.54. The company has a market cap of $36.24 million, a price-to-earnings ratio of -5.63 and a beta of 1.85.

Pioneer Power Solutions (NASDAQ:PPSIGet Free Report) last posted its quarterly earnings data on Monday, August 17th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). Pioneer Power Solutions had a negative net margin of 38.11% and a negative return on equity of 27.64%. The business had revenue of $5.02 million during the quarter, compared to the consensus estimate of $4.78 million. As a group, sell-side analysts predict that Pioneer Power Solutions will post -0.62 earnings per share for the current year.

Pioneer Power Solutions Company Profile

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Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.

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