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

PS International Group Ltd. (NASDAQ:PSIG) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 1,108 shares, a decline of 89.4% from the February 12th total of 10,466 shares. Based on an average daily volume of 79,744 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 79,744 shares, the short-interest ratio is presently 0.0 days.

PS International Group Stock Performance

Shares of NASDAQ:PSIG traded down $0.36 during trading on Tuesday, reaching $5.84. The stock had a trading volume of 34,358 shares, compared to its average volume of 77,150. PS International Group has a 52 week low of $2.14 and a 52 week high of $6.92. The business’s 50-day moving average price is $5.19 and its 200 day moving average price is $4.42.

Institutional Investors Weigh In On PS International Group

A hedge fund recently bought a new stake in PS International Group stock. Renaissance Technologies LLC acquired a new stake in PS International Group Ltd. (NASDAQ:PSIG) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,977 shares of the company’s stock, valued at approximately $54,000. Renaissance Technologies LLC owned about 0.13% of PS International Group as of its most recent filing with the SEC. 29.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of PS International Group in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

About PS International Group

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.