Shares of the company are trading at $5.45 which is slightly above $4.98, the 50 day moving average and well below the 200 day moving average of $6.14. The 50 day moving average went up by +9.47% whereas the 200 day moving average was down $-0.69 or -11.25%. Trading was light with 303K shares changing hands on Wednesday. Trading volume was down 56.10% under the stocks average daily volume.
Short traders are feeling a little more bearish on Pacific Ethanol, Inc. recently if you take note of the uptick in short interest. The firm had a rise in short interest of 5.12% between August 15, 2017 and August 31, 2017. Short shares grew 56,310 over that timeframe. The short-interest ratio increased to 2.0 and the percentage of shorted shares was 0.03% on August 31.
The following firms have recently changed their position in PEIX. Trexquant Investment Lp augmented its investment by buying 45,388 shares an increase of 112.2% as of 06/30/2017. Trexquant Investment Lp now holds 85,825 shares worth $536,000. The total value of its holdings increased 93.5%. Engineers Gate Manager Lp bolstered its holdings by buying 16,120 shares an increase of 78.2% in the quarter. Engineers Gate Manager Lp controls 36,728 shares valued at $230,000. The value of the position overall is up by 63.1%.
As of quarter end Cubist Systematic Strategies, LLC had disposed of 5,818 shares trimming its position 29.8%. The value of the investment in Pacific Ethanol, Inc. went from $134,000 to $86,000 a change of $48,000 quarter over quarter. Ubs Group Ag downsized its ownership by selling 1 shares a decrease of 3.4%. Ubs Group Ag claims 28 shares with a value of $0. The total value of its holdings decreased nan%.
As of the latest earnings report the EPS was $-0.31 and is projected to be $-0.38 for the current year with 43,972,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.22 with next year’s EPS anticipated to be $0.55.
Pacific Ethanol, Inc., launched on February 28, 2005, is a producer and marketer of low-carbon renewable fuels in the United States. The Business’s segments include a production segment and a marketing segment. As of December 31, 2016, the Company owned and operated eight ethanol production facilities, of which four plants are in the Western states of California, Oregon and Idaho, and four of its plants are located in the Midwestern states of Illinois and Nebraska. As of December 31, 2016, its plants had a combined ethanol production capacity of 515 million gallons per year. The Company markets all the ethanol and co-products produced at its plants as well as ethanol produced by third parties..