Patriot Transportation Holding Inc (NASDAQ:PATI) Short Interest Up 75.0% in June

Patriot Transportation Holding Inc (NASDAQ:PATI) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 3,500 shares, an increase of 75.0% from the May 30th total of 2,000 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is presently 3.9 days. Approximately 0.2% of the shares of the stock are short sold.

Separately, ValuEngine upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday.

Large investors have recently added to or reduced their stakes in the business. Quantum Capital Management boosted its position in Patriot Transportation by 0.8% in the first quarter. Quantum Capital Management now owns 74,265 shares of the transportation company’s stock valued at $1,396,000 after buying an additional 569 shares in the last quarter. Estabrook Capital Management raised its stake in shares of Patriot Transportation by 1.8% in the fourth quarter. Estabrook Capital Management now owns 87,761 shares of the transportation company’s stock worth $1,730,000 after acquiring an additional 1,565 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Patriot Transportation by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 116,568 shares of the transportation company’s stock worth $2,272,000 after acquiring an additional 1,243 shares during the last quarter. Hedge funds and other institutional investors own 51.07% of the company’s stock.

NASDAQ:PATI traded down $0.31 on Friday, reaching $16.80. The stock had a trading volume of 2,405 shares, compared to its average volume of 1,952. The firm has a market cap of $56.28 million, a P/E ratio of 30.02 and a beta of -0.12. Patriot Transportation has a 1-year low of $16.80 and a 1-year high of $21.95. The stock’s fifty day simple moving average is $18.08.

Patriot Transportation (NASDAQ:PATI) last released its quarterly earnings results on Monday, May 13th. The transportation company reported $0.09 EPS for the quarter. The firm had revenue of $27.01 million for the quarter. Patriot Transportation had a net margin of 2.55% and a return on equity of 3.49%.

About Patriot Transportation

Patriot Transportation Holding, Inc, through its subsidiary, Florida Rock & Tank Lines, Inc, engages in the transportation business. The company is involved in hauling petroleum related products, including gas and diesel fuel; and dry bulk commodities, such as cement, lime, and various industrial powder products, and liquid chemicals.

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