PS International Group Ltd. (NASDAQ:PSIG) Short Interest Update

PS International Group Ltd. (NASDAQ:PSIG) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 392,439 shares, an increase of 399.3% from the June 15th total of 78,602 shares. Currently, 8.2% of the company’s stock are sold short. Based on an average daily volume of 4,464,277 shares, the short-interest ratio is currently 0.1 days.

PS International Group Stock Performance

PS International Group stock traded up $0.01 during trading on Friday, hitting $1.26. The company’s stock had a trading volume of 168,846 shares, compared to its average volume of 2,622,624. The stock’s fifty day moving average is $7.16 and its 200 day moving average is $6.07. PS International Group has a 1-year low of $1.03 and a 1-year high of $12.00.

Analysts Set New Price Targets

PSIG has been the topic of a number of recent analyst reports. Wall Street Zen lowered PS International Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Weiss Ratings cut shares of PS International Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of PS International Group

An institutional investor recently bought a new position in PS International Group stock. Renaissance Technologies LLC purchased a new stake in shares of PS International Group Ltd. (NASDAQ:PSIG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 quarter. 29.70% of the stock is currently owned by institutional investors and hedge funds.

PS International Group Company Profile

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.