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

PS International Group Ltd. (NASDAQ:PSIG) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 4,482 shares, an increase of 304.5% from the February 26th total of 1,108 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 26,256 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 26,256 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

PS International Group Stock Performance

Shares of PSIG opened at $5.52 on Wednesday. The stock has a 50-day moving average of $5.39 and a 200-day moving average of $4.55. PS International Group has a one year low of $2.14 and a one year high of $6.92.

Institutional Investors Weigh In On PS International Group

An institutional investor recently bought a new position in PS International Group stock. HRT Financial LP acquired a new position in shares of PS International Group Ltd. (NASDAQ:PSIG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 23,299 shares of the company’s stock, valued at approximately $113,000. HRT Financial LP owned approximately 0.27% of PS International Group as of its most recent filing with the Securities and Exchange Commission. 29.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of PS International Group in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus 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.