Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) Short Interest Update

Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 54,500 shares, a growth of 25.6% from the April 30th total of 43,400 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average trading volume of 30,000 shares, the days-to-cover ratio is presently 1.8 days.

Perma-Pipe International Stock Performance

Shares of NASDAQ:PPIH traded up $0.14 during trading on Friday, hitting $14.54. 6,938 shares of the company were exchanged, compared to its average volume of 30,706. Perma-Pipe International has a 52-week low of $7.72 and a 52-week high of $17.58. The stock has a 50 day moving average of $12.51 and a 200 day moving average of $13.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.64. The company has a market cap of $116.07 million, a PE ratio of 7.38 and a beta of 0.22.

Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.27 earnings per share (EPS) for the quarter. Perma-Pipe International had a return on equity of 23.41% and a net margin of 10.33%. The business had revenue of $44.99 million for the quarter.

Institutional Investors Weigh In On Perma-Pipe International

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC bought a new stake in Perma-Pipe International during the 4th quarter worth approximately $36,000. IFP Advisors Inc bought a new position in shares of Perma-Pipe International in the fourth quarter worth $48,000. State of Wyoming bought a new position in shares of Perma-Pipe International in the fourth quarter worth $77,000. Lazard Asset Management LLC purchased a new position in Perma-Pipe International during the fourth quarter worth about $113,000. Finally, Virtu Financial LLC bought a new stake in shares of Perma-Pipe International during the 4th quarter valued at about $152,000. 28.43% of the stock is owned by hedge funds and other institutional investors.

Perma-Pipe International Company Profile

Perma-Pipe International Holdings, Inc, together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems. It offers insulated and jacketed district heating and cooling piping systems for energy distribution from central energy plants to various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engages in the coating and insulation of oil and gas gathering and transmission pipelines.