The stock is trading at $11.92 barely above the 50 day moving average which is $10.97 and which is marginally higher than the 200 day moving average of $10.93. The 50 day moving average was up by +8.64% whereas the 200 day average was up by +9.10%. (NASDAQ:PHII) shares saw heavy trading volume with 3,847 shares changing hands in the last trading session. Trading volume was up 37.20% over the stocks average daily volume.
Short traders are more bullish of late if you pay attention to the fall in short interest. The firm experienced a fall in short interest of -8.80% between August 15, 2017 and August 31, 2017. Short shares decreased from 3,795 to 3,461 over that timeframe. With short interest at 3,461 and short average daily volume at 3,208, the short-interest ratio is 1.0 and the short interest percentage is 0.00% as of August 31.
The following firms have recently changed their position in PHII. As of quarter end Ubs Group Ag had acquired 651 shares growing its stake by 392.2%. The value of the company’s investment in PHI, Inc. – Voting went from $2,000 to $8,000 increasing 300.0% quarter over quarter. As of the end of the quarter Tower Research Capital LLC (trc) had sold a total of 198 shares trimming its holdings by 66.2%. The value of the total investment in PHI, Inc. – Voting decreased from $3,000 to $1,000 a change of 66.7% quarter to quarter.
PHI, Inc., launched on August 24, 1994, is involved in transportation of personnel to, from, and among offshore platforms for customers engaged in the oil and gas exploration, development and production industry. The Company offers these services in various domestic and international markets. Most of its offshore flight operations are concentrated in the Gulf of Mexico. The Company operates through three segments: Oil and Gas, Air Medical, and Technical Services. The Company also provides air medical transportation for hospitals and for emergency service agencies. In addition, it performs helicopter maintenance and repair services, primarily to existing customers that own their own aircraft. The Company owns or operates approximately 265 aircraft domestically and internationally, of which, over 155 belongs to its Oil and Gas segment, over 104 belongs to Air Medical segment and over six are in to other operations. Its principal customers are integrated energy companies and independent exploration and production companies. It also serves energy service companies, hospitals, medical programs, government agencies, and other aircraft owners and operators..