Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) Short Interest Down 49.3% in August

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 10,400 shares, a drop of 49.3% from the July 31st total of 20,500 shares. Based on an average daily volume of 9,200 shares, the short-interest ratio is currently 1.1 days. Approximately 0.1% of the company’s stock are short sold.

NASDAQ PESI traded up $0.08 during trading on Friday, reaching $3.86. 1,200 shares of the company’s stock traded hands, compared to its average volume of 12,292. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.96. The firm has a market cap of $45.87 million, a price-to-earnings ratio of 380.00 and a beta of 0.86. The company’s 50 day simple moving average is $3.85 and its two-hundred day simple moving average is $3.86. Perma-Fix Environmental Services has a 12-month low of $1.90 and a 12-month high of $4.80.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its earnings results on Thursday, August 8th. The industrial products company reported $0.03 EPS for the quarter. The business had revenue of $17.14 million for the quarter. Perma-Fix Environmental Services had a negative net margin of 4.85% and a negative return on equity of 8.21%.

In other Perma-Fix Environmental Services news, Director Joe Reeder bought 7,500 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were acquired at an average price of $3.97 per share, with a total value of $29,775.00. Following the transaction, the director now owns 174,647 shares of the company’s stock, valued at approximately $693,348.59. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 29,994 shares of company stock worth $118,164 in the last three months. Insiders own 7.61% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Perma-Fix Environmental Services by 7.0% during the 2nd quarter. Vanguard Group Inc. now owns 262,057 shares of the industrial products company’s stock valued at $1,024,000 after purchasing an additional 17,200 shares during the period. Heartland Advisors Inc. increased its position in Perma-Fix Environmental Services by 4.5% during the 2nd quarter. Heartland Advisors Inc. now owns 1,424,368 shares of the industrial products company’s stock valued at $5,569,000 after purchasing an additional 60,901 shares during the period. Finally, River & Mercantile Asset Management LLP purchased a new position in Perma-Fix Environmental Services during the 2nd quarter valued at about $608,000. 24.77% of the stock is currently owned by institutional investors and hedge funds.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. It operates in three segments: Treatment, Services, and Medical. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.

See Also: Exchange-Traded Funds (ETFs)

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