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

Key Points

• Short interest plunged 89.4% from 10,466 to 1,108 shares as of Feb. 27, leaving 0.0% of shares sold short and a short-interest ratio of 0.0 days based on average volume.
• PSIG traded down 5.8% to $5.84 on Tuesday with volume of 34,358 versus an average of ~77,150 shares; its 52-week range is $2.14–$6.92, with a 50-day MA of $5.19 and 200-day MA of $4.42.
• Weiss Ratings reiterated a "sell (d)" and the stock's consensus is a Sell, while institutional activity included HRT Financial LP buying 23,299 shares (~$113,000) and institutions own about 29.7% of the stock.

PS International Group Ltd. (NASDAQ:PSIG - Get Free Report) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 1,108 shares, a decline of 89.4% from the February 12th total of 10,466 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 79,744 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 79,744 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

PS International Group Trading Down 5.8%

PS International Group stock traded down $0.36 on Tuesday, hitting $5.84. The company's stock had a trading volume of 34,358 shares, compared to its average volume of 77,150. PS International Group has a one year low of $2.14 and a one year high of $6.92. The company has a fifty day moving average price of $5.19 and a 200-day moving average price of $4.42.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of PS International Group in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of "Sell".

Institutional Trading of PS International Group

An institutional investor recently bought a new position in PS International Group stock. HRT Financial LP purchased a new stake in PS International Group Ltd. (NASDAQ:PSIG - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 23,299 shares of the company's stock, valued at approximately $113,000. HRT Financial LP owned 0.27% of PS International Group at the end of the most recent reporting period. 29.70% of the stock is owned by institutional investors.

About PS International Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.