Perimeter Solutions, SA (NYSE:PRM) Short Interest Update

Perimeter Solutions, SA (NYSE:PRM) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 3,320,000 shares, an increase of 17.7% from the February 13th total of 2,820,000 shares. Currently, 2.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,150,000 shares, the days-to-cover ratio is currently 2.9 days.

Perimeter Solutions Stock Up 4.2 %

Shares of NYSE:PRM traded up $0.38 during trading on Wednesday, reaching $9.40. 412,547 shares of the stock traded hands, compared to its average volume of 827,785. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. The stock has a market cap of $1.41 billion, a P/E ratio of -66.64 and a beta of 1.93. The stock has a 50-day moving average of $11.49 and a two-hundred day moving average of $12.34. Perimeter Solutions has a 52-week low of $6.03 and a 52-week high of $14.44.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The company had revenue of $86.23 million for the quarter, compared to the consensus estimate of $77.01 million. As a group, sell-side analysts expect that Perimeter Solutions will post 0.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the transaction, the director now directly owns 471,226 shares of the company’s stock, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Comerica Bank bought a new position in Perimeter Solutions in the fourth quarter worth approximately $38,000. Quarry LP bought a new stake in Perimeter Solutions during the third quarter valued at about $52,000. McAdam LLC purchased a new position in shares of Perimeter Solutions during the 4th quarter valued at about $131,000. Orion Portfolio Solutions LLC bought a new position in shares of Perimeter Solutions during the 3rd quarter valued at approximately $138,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Perimeter Solutions during the fourth quarter worth about $136,000. Institutional investors own 89.93% of the company’s stock.

About Perimeter Solutions

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.