Short Interest in Power Solutions International, Inc. (OTCMKTS:PSIX) Declines By 42.9%

Power Solutions International, Inc. (OTCMKTS:PSIX) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 46,200 shares, a drop of 42.9% from the October 31st total of 80,900 shares. Based on an average trading volume of 448,500 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum boosted their target price on shares of Power Solutions International from $22.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, November 11th.

Power Solutions International Stock Up 6.5 %

Shares of Power Solutions International stock traded up $1.84 during trading hours on Thursday, hitting $30.15. 92,275 shares of the company’s stock traded hands, compared to its average volume of 91,993. The company has a market cap of $693.45 million, a PE ratio of 12.78 and a beta of 0.92. Power Solutions International has a twelve month low of $1.70 and a twelve month high of $35.65. The stock has a 50 day simple moving average of $24.37 and a 200-day simple moving average of $15.59.

About Power Solutions International

Power Solutions International, Inc designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally. The company offers engine blocks integrated with fuel system parts, as well as completely packaged power systems, that include combinations of front accessory drives, cooling systems, electronic systems, air intake systems, fuel systems, housings, power takeoff systems, exhaust systems, hydraulic systems, enclosures, brackets, hoses, tubes, packaging, telematics, and other assembled componentry.