Pingtan Marine Enterprise Ltd. (NASDAQ:PME – Get Rating) saw a sharp decline in short-term interest in May. As of May 31, there was short interest totaling 15,100 shares, down 46.5% from the May 15 total of 28,200 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 276,300 shares, the day-to-cover ratio is currently 0.1 day.
Large investors have recently changed their stock holdings. Citadel Advisors LLC increased its equity stake in Pingtan Marine Enterprise by 30.7% in Q3. Citadel Advisors LLC now owns 112,292 shares of the company worth $84,000 after purchasing an additional 26,345 shares in the last quarter. Virtu Financial LLC increased its stake in Pingtan Marine Enterprise by 18.9% during the first quarter. Virtu Financial LLC now owns 96,964 shares of the company valued at $62,000 after purchasing an additional 15,387 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Pingtan Marine Enterprise by 51.0% during the fourth quarter. Geode Capital Management LLC now owns 62,069 shares of the company valued at $35,000 after purchasing an additional 20,962 shares in the last quarter. 0.22% of the shares are currently held by institutional investors.
Separately, StockNews.com launched coverage on Pingtan Marine Enterprise shares in a Monday, June 6 research note. They issued a “sell” rating for the company.
SMB shares opened at $1.06 on Monday. The company has a fifty-day simple moving average of $0.84 and a two-hundred-day simple moving average of $0.72. The company has a debt ratio of 2.61, a quick ratio of 0.76 and a current ratio of 0.99. Pingtan Marine Enterprise has a 12 month minimum of $0.42 and a 12 month maximum of $1.12.
Pingtan Marine Enterprise Inc (NASDAQ:PME – Get Rating) last released quarterly earnings data on Tuesday, May 17. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $62.81 million for the quarter. Pingtan Marine Enterprise had a negative return on equity of 23.39% and a negative net margin of 1.51%.
Company Profile Pingtan Marine Enterprise (Get a rating)
Pingtan Marine Enterprise Ltd., together with its subsidiaries, is engaged in sea fishing activities. The company catches a range of fish species, such as squid, ribbon fish, croaker fish and cuttlefish. As of December 31, 2020, it owned 51 jigging boats, 26 trawlers, 25 purse seiners, 13 drifting buoys, 4 longliners and 3 transport boats, as well as operating license rights for 20 drifting buoys.
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