Short Interest in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) Decreases By 21.8%

P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 30,800 shares, a decrease of 21.8% from the May 15th total of 39,400 shares. Based on an average daily trading volume, of 21,400 shares, the days-to-cover ratio is currently 1.4 days.

P.A.M. Transportation Services Stock Performance

P.A.M. Transportation Services stock traded down $0.28 on Friday, reaching $15.83. 21,294 shares of the stock were exchanged, compared to its average volume of 22,754. The company has a current ratio of 2.24, a quick ratio of 2.22 and a debt-to-equity ratio of 0.70. P.A.M. Transportation Services has a twelve month low of $13.51 and a twelve month high of $27.88. The firm has a fifty day moving average price of $16.31 and a two-hundred day moving average price of $18.03. The stock has a market cap of $348.81 million, a PE ratio of 25.95 and a beta of 1.14.

P.A.M. Transportation Services (NASDAQ:PTSI) last posted its quarterly earnings data on Thursday, April 18th. The transportation company reported $0.01 earnings per share for the quarter. The business had revenue of $182.59 million during the quarter. P.A.M. Transportation Services had a return on equity of 4.29% and a net margin of 1.75%. Sell-side analysts anticipate that P.A.M. Transportation Services will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets increased its position in P.A.M. Transportation Services by 38.9% during the first quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock worth $48,000 after acquiring an additional 837 shares during the period. Linden Thomas Advisory Services LLC bought a new stake in shares of P.A.M. Transportation Services in the 4th quarter worth about $208,000. Quadrature Capital Ltd acquired a new stake in shares of P.A.M. Transportation Services during the 1st quarter worth about $307,000. Denali Advisors LLC lifted its holdings in P.A.M. Transportation Services by 30.5% during the 1st quarter. Denali Advisors LLC now owns 23,100 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 5,400 shares during the last quarter. Finally, Pinnacle Holdings LLC boosted its position in P.A.M. Transportation Services by 8.3% in the fourth quarter. Pinnacle Holdings LLC now owns 43,645 shares of the transportation company’s stock valued at $907,000 after buying an additional 3,361 shares in the last quarter. 22.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on PTSI. Stephens decreased their price target on P.A.M. Transportation Services from $19.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, April 19th. StockNews.com raised P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research report on Tuesday.

About P.A.M. Transportation Services

P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.