Short Interest in PAMT Corp. (NASDAQ:PAMT) Rises By 23.7%

PAMT Corp. (NASDAQ:PAMT) was the target of a large increase in short interest during the month of 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. Based on an average daily trading volume, of 25,440 shares, the short-interest ratio is currently 2.5 days. Currently, 1.2% of the shares of the company are sold short. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 25,440 shares, the short-interest ratio is currently 2.5 days.

PAMT Stock Performance

Shares of PAMT stock traded down $0.78 during trading on Wednesday, reaching $12.34. The company’s stock had a trading volume of 12,075 shares, compared to its average volume of 19,990. The company has a quick ratio of 1.77, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The business’s 50-day moving average price is $10.43 and its 200-day moving average price is $11.75. PAMT has a 52 week low of $8.90 and a 52 week high of $17.39. The firm has a market cap of $258.28 million, a PE ratio of -4.84 and a beta of 0.83.

PAMT (NASDAQ:PAMT) last released its quarterly earnings results on Friday, October 31st. The company reported ($0.27) EPS 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. Equities analysts forecast that PAMT will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PAMT in a report on Monday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $13.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new stake in shares of PAMT during the 1st quarter worth approximately $705,000. NJ State Employees Deferred Compensation Plan bought a new stake in PAMT during the second quarter worth $515,000. MAI Capital Management bought a new stake in PAMT during the second quarter worth $740,000. HHM Wealth Advisors LLC acquired a new stake in shares of PAMT in the 2nd quarter valued at $50,000. Finally, EJF Capital LLC acquired a new position in shares of PAMT during the 2nd quarter worth $322,000. Institutional investors own 22.06% of the company’s stock.

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.