PAMT Corp. (NASDAQ:PAMT) Short Interest Update

PAMT Corp. (NASDAQ:PAMT) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 63,870 shares, an increase of 23.7% from the November 30th total of 51,645 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 25,440 shares, the days-to-cover ratio is presently 2.5 days. Based on an average daily volume of 25,440 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.2% of the shares of the stock are sold short.

PAMT Stock Performance

PAMT stock opened at $12.08 on Friday. The business has a 50 day moving average of $10.45 and a 200-day moving average of $11.76. The company has a market capitalization of $252.83 million, a P/E ratio of -4.74 and a beta of 0.78. PAMT has a 1 year low of $8.90 and a 1 year high of $17.39. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.77.

PAMT (NASDAQ:PAMT) last posted its earnings results on Friday, October 31st. The company reported ($0.27) earnings per share for the quarter. PAMT had a negative return on equity of 12.07% and a negative net margin of 8.81%.The business had revenue of $150.26 million for the quarter. On average, equities research analysts predict that PAMT will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PAMT in a research note on Monday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PAMT has an average rating of “Reduce” and a consensus price target of $13.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of PAMT in the 2nd quarter valued at about $44,000. HHM Wealth Advisors LLC acquired a new position in shares of PAMT in the second quarter worth approximately $50,000. Bridgeway Capital Management LLC boosted its holdings in PAMT by 3.4% in the third quarter. Bridgeway Capital Management LLC now owns 176,928 shares of the company’s stock valued at $2,017,000 after acquiring an additional 5,797 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in PAMT in the second quarter valued at approximately $88,000. Finally, Strs Ohio acquired a new stake in PAMT during the 1st quarter valued at approximately $100,000. 22.06% of the stock is owned by institutional investors.

About PAMT

PAM Transportation Services, Inc (NASDAQ: PAMT) is a specialized truckload carrier and logistics provider headquartered in Tontitown, Arkansas. Established in 1980, the company offers full truckload and dedicated transportation services across North America. PAMT’s freight network is configured to handle both temperature-controlled and dry goods, catering to clients in the food and beverage, retail, consumer packaged goods and industrial sectors.

The company operates a fleet of company-owned tractors and trailers, supported by a network of terminal locations and drop-yard facilities.