Short Interest in PS International Group Ltd. (NASDAQ:PSIG) Rises By 1,275.9%

PS International Group Ltd. (NASDAQ:PSIG) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 9,315 shares, a growth of 1,275.9% from the December 15th total of 677 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 99,831 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 99,831 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the company are sold short.

PS International Group Trading Up 0.9%

NASDAQ PSIG opened at $4.32 on Wednesday. The firm has a 50-day simple moving average of $4.22 and a 200 day simple moving average of $3.77. PS International Group has a twelve month low of $2.14 and a twelve month high of $5.96.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of PS International Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, PS International Group has an average rating of “Sell”.

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.