Short Interest in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) Decreases By 29.2%

P.A.M. Transportation Services, Inc. (NASDAQ:PTSI - Get Free Report) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 22,600 shares, a decline of 29.2% from the March 15th total of 31,900 shares. Based on an average trading volume of 18,300 shares, the short-interest ratio is currently 1.2 days.

P.A.M. Transportation Services Stock Performance

Shares of PTSI traded down $0.62 during trading hours on Friday, hitting $14.76. The company's stock had a trading volume of 11,475 shares, compared to its average volume of 17,890. The company has a market cap of $325.16 million, a price-to-earnings ratio of 17.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.81. The business has a 50 day simple moving average of $17.00 and a two-hundred day simple moving average of $18.92. P.A.M. Transportation Services has a 52-week low of $14.75 and a 52-week high of $28.77.

P.A.M. Transportation Services (NASDAQ:PTSI - Get Free Report) last posted its earnings results on Thursday, February 1st. The transportation company reported ($0.10) earnings per share for the quarter. The business had revenue of $180.17 million during the quarter. P.A.M. Transportation Services had a return on equity of 8.31% and a net margin of 2.27%.

Wall Street Analyst Weigh In

PTSI has been the topic of several research reports. TheStreet lowered shares of P.A.M. Transportation Services from a "b-" rating to a "c+" rating in a research report on Thursday, February 1st. StockNews.com upgraded shares of P.A.M. Transportation Services from a "hold" rating to a "buy" rating in a research note on Saturday, February 24th.

Hedge Funds Weigh In On P.A.M. Transportation Services

Several hedge funds have recently bought and sold shares of PTSI. Ameritas Investment Partners Inc. grew its stake in P.A.M. Transportation Services by 100.0% during the first quarter. Ameritas Investment Partners Inc. now owns 748 shares of the transportation company's stock valued at $26,000 after acquiring an additional 374 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in P.A.M. Transportation Services by 41.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,577 shares of the transportation company's stock worth $43,000 after buying an additional 466 shares in the last quarter. Barclays PLC grew its stake in P.A.M. Transportation Services by 439.6% in the 4th quarter. Barclays PLC now owns 1,770 shares of the transportation company's stock worth $46,000 after buying an additional 1,442 shares in the last quarter. Citigroup Inc. grew its stake in P.A.M. Transportation Services by 455.2% in the 2nd quarter. Citigroup Inc. now owns 2,032 shares of the transportation company's stock worth $54,000 after buying an additional 1,666 shares in the last quarter. Finally, UBS Group AG purchased a new position in P.A.M. Transportation Services in the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 22.06% of the company's stock.

P.A.M. Transportation Services Company Profile

P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.