Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Short Interest Down 31.3% in November

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 133,400 shares, a decrease of 31.3% from the October 31st total of 194,200 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 128,700 shares, the short-interest ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

PPSI has been the subject of a number of recent research reports. StockNews.com raised Pioneer Power Solutions to a “sell” rating in a report on Saturday, November 2nd. HC Wainwright reaffirmed a “buy” rating and set a $12.00 price target on shares of Pioneer Power Solutions in a report on Thursday, October 31st.

Pioneer Power Solutions Stock Performance

PPSI stock traded down $0.02 during midday trading on Friday, reaching $5.95. 32,205 shares of the company’s stock traded hands, compared to its average volume of 108,501. The company has a 50-day simple moving average of $5.75 and a two-hundred day simple moving average of $4.78. Pioneer Power Solutions has a 1-year low of $3.35 and a 1-year high of $7.30. The company has a current ratio of 1.41, a quick ratio of 0.69 and a debt-to-equity ratio of 0.01.

Pioneer Power Solutions (NASDAQ:PPSI) last announced its quarterly earnings data on Tuesday, October 8th. The company reported ($0.21) EPS for the quarter. The firm had revenue of $6.34 million during the quarter. Pioneer Power Solutions had a negative net margin of 20.91% and a negative return on equity of 45.67%. As a group, research analysts predict that Pioneer Power Solutions will post 0.32 EPS for the current fiscal year.

Pioneer Power Solutions Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be given a $1.50 dividend. This is a positive change from Pioneer Power Solutions’s previous dividend of $0.12. The ex-dividend date of this dividend is Tuesday, December 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of Pioneer Power Solutions by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 97,745 shares of the company’s stock worth $459,000 after purchasing an additional 11,258 shares during the last quarter. Evernest Financial Advisors LLC bought a new position in shares of Pioneer Power Solutions in the 3rd quarter worth $385,000. Dimensional Fund Advisors LP boosted its position in shares of Pioneer Power Solutions by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock worth $222,000 after purchasing an additional 8,401 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Pioneer Power Solutions in the 3rd quarter worth $77,000. Finally, Virtu Financial LLC bought a new position in shares of Pioneer Power Solutions in the 1st quarter worth $91,000. 10.92% of the stock is currently owned by institutional investors.

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.