It is trading at $3.95 just a bit higher than $3.68, the stock’s 50 day moving average and which is impressively higher than the 200 day moving average of $3.47. The 50 day moving average went up $0.27 or +7.37% whereas the 200 day average was up by +13.92%. Perma-Fix Environmental Service shares had a trading volume of 9,259 in the last trading session. Volume was down 33.98% under the stocks average daily volume.
Investors are a little more bearish lately considering the uptick in short interest. The company had a rise in short interest of 63.37% as of August 31, 2017 from the last reporting period. Short interest increased from 11,441 to 18,691 over that timeframe. With short interest at 18,691 and short average daily volume at 22,071, the short-interest ratio is 1.0 and the percentage of shorted shares is 0.00% as of August 31.
Here is a rundown on some insider market activity for Perma-Fix Environmental Service (NASDAQ:PESI). Mark Duff, EVP disclosed the purchase of 3,000 shares of PESI stock. The shares sold for $3.43. Duff now owns $20,580 of the stock per the Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. As of quarter end Cwa Asset Management Group, LLC had bought 1,500 shares growing its holdings by 6.2%. The value in dollars went from $77,000 to $94,000 a change of 22.1% quarter to quarter. As of the end of the quarter Clear Harbor Asset Management, LLC had disposed of a total of 3,220 shares trimming its position 11.1%. The value of the investment in (PESI) decreased from $91,000 to $89,000 a change of $2,000 since the last quarter.
Blackrock Inc. trimmed its stake by shedding 337,777 shares a decrease of 99.4% from 03/31/2017 to 06/30/2017. Blackrock Inc. claims 1,976 shares with a value of $7,000. The total value of its holdings decreased 99.3%. As of quarter end Renaissance Technologies LLC had disposed of a total of 9,946 shares trimming its stake by 10.2%. The value of the investment in PESI increased from $306,000 to $318,000 increasing 3.9% quarter over quarter.
Perma-Fix Environmental Services, Inc., launched on December 19, 1990, is an environmental and environmental technology know-how company. The Company operates in three segments: The Treatment Segment (Treatment), the Services Segment (Services) and the Medical Segment (Medical). Its Treatment and Services Segments provide services to research institutions, commercial companies, public utilities, and governmental agencies across the nation, including the United States Department of Energy (DOE) and the United States Department of Defense (DOD). The distribution channels for its services are through direct sales to customers or through intermediaries..