PAMT Corp. (NASDAQ:PAMT) Sees Significant Increase in Short Interest

Key Points

• Short interest surged 61.3% to 120,242 shares as of March 31, implying a short-interest ratio of 5.3 days and about 2.5% of the company's shares are sold short.
• Recent analyst moves (downgrades from Wall Street Zen and Weiss) have left a MarketBeat consensus rating of Reduce with an average target price of $13.00.
• PAMT traded at $9.93 with a market cap near $208M, reported a ($0.45) EPS last quarter and negative margins/ROE, while institutional ownership is roughly 22% amid several recent new or increased positions.

PAMT Corp. (NASDAQ:PAMT - Get Free Report) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 120,242 shares, a growth of 61.3% from the March 15th total of 74,525 shares. Based on an average daily volume of 22,874 shares, the short-interest ratio is currently 5.3 days. Currently, 2.5% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

PAMT has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of PAMT from a "hold" rating to a "sell" rating in a research note on Saturday, March 21st. Weiss Ratings reissued a "sell (e+)" rating on shares of PAMT in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $13.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in PAMT in the 2nd quarter valued at about $44,000. Russell Investments Group Ltd. increased its holdings in shares of PAMT by 841.7% during the fourth quarter. Russell Investments Group Ltd. now owns 4,699 shares of the company's stock worth $57,000 after purchasing an additional 4,200 shares during the period. JPMorgan Chase & Co. bought a new position in shares of PAMT during the second quarter worth approximately $88,000. Strs Ohio bought a new position in shares of PAMT during the first quarter worth approximately $100,000. Finally, Bank of America Corp DE bought a new position in shares of PAMT during the second quarter worth approximately $159,000. 22.06% of the stock is owned by institutional investors.

PAMT Stock Performance

PAMT stock traded up $0.63 during trading hours on Monday, hitting $9.93. The company had a trading volume of 3,987 shares, compared to its average volume of 22,595. The firm has a market cap of $207.93 million, a PE ratio of -3.97 and a beta of 0.84. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.23 and a quick ratio of 1.21. PAMT has a one year low of $7.15 and a one year high of $17.29. The firm has a 50-day moving average of $10.08 and a 200 day moving average of $10.60.

PAMT (NASDAQ:PAMT - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported ($0.45) earnings per share for the quarter. The company had revenue of $141.32 million during the quarter. PAMT had a negative net margin of 8.80% and a negative return on equity of 13.58%. On average, sell-side analysts expect that PAMT will post 0.85 earnings per share for the current year.

PAMT Company Profile

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.

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