Patriot Transportation Holding, (NASDAQ:PATI) Sees Unusual Trading Volume in Its Shares


Trading volume for Patriot Transportation Holding, was 335 on Tuesday. Shares saw a steep decrease in trading volume of 93.90% under the normal average daily volume.

Traders are a little more bearish lately if you evaluate the increase in short interest. The firm saw a rise in short interest of 78.29% between September 29, 2017 and October 13, 2017. Short shares grew 1,183 over that timeframe. Days to cover decreased -1.0 to 0.0 and the short interest percentage is 0.00% as of October 13.

A few notable investment firms have updated their holdings. As of the end of the quarter Salem Investment Counselors Inc had sold 88,424 shares trimming its holdings by 93.9%. The value of the investment in PATI went from $2,142,000 to $103,000 a change of $2,039,000 quarter to quarter. Wellington Management Group Llp cut its holdings by selling 42,826 shares a decrease of 73.7% from 03/31/2017 to 06/30/2017. Wellington Management Group Llp owns 15,258 shares worth $273,000. The value of the position overall is down by 79.3%.

As of quarter end Blackrock Inc. had disposed of a total of 51,595 shares trimming its stake by 99.2%. The value of the company’s investment in Patriot Transportation Holding, decreased from $1,183,000 to $8,000 a change of 99.3% since the last quarter. Tower Research Capital LLC (trc) divested its stake by shedding 211 shares a decrease of 73.3%. Tower Research Capital LLC (trc) now controls 77 shares valued at $1,000. The total value of its holdings decreased 85.7%.

The company is unchanged by 0.00% percent from yesterday’s close. The stock last traded at $19.65 a tad higher than the 50 day moving average of $19.53 and just a bit higher than the 200 day moving average of $19.53. The 50 day moving average was up by +0.575% whereas the 200 day moving average was up $0.12 or +0.612%.

The company’s P/E ratio is 17.416 and market capitalization is 64.89M.

Patriot Transportation Holding, Inc., launched on August 5, 2014, operates as a regional tank truck. The Company conducts its business through its subsidiary, Florida Rock & Tank Lines, Inc. Its business consists of hauling petroleum related products, and dry bulk commodities and liquid chemicals. The Company operates terminals in Florida, Georgia, Alabama, South Carolina, North Carolina and Tennessee. As of September 30, 2016, the Company operated a fleet of 468 tractors and 561 tank trailers from its 21 terminals and nine satellite locations..