Investors are more bullish on the company if you take a look at the downtick in short interest. The company recorded a fall in short interest of -9.39% between August 15, 2017 and August 31, 2017. Short shares fell 51,259 over that timeframe. Days to cover increased 7.0 to 10.0 and the short interest percentage is 0.01% as of August 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (PME). Ubs Group Ag expanded its position by buying 2,813 shares an increase of 162.3%. Ubs Group Ag now controls 4,546 shares with a value of $18,000. The value of the position overall is up by 125.0%. Invesco Ltd. added to its investment by buying 15,767 shares an increase of 10.4% from 03/31/2017 to 06/30/2017. Invesco Ltd. controls 167,280 shares valued at $661,000. The total value of its holdings decreased 9.1%.
As of the end of the quarter Morgan Stanley had disposed of 49,845 shares trimming its holdings by 100.0%. The value of the investment in (PME) went from $239,000 to $0 decreasing 100.0% quarter to quarter. Jpmorgan Chase & Co augmented its holdings by buying 298 shares an increase of 38.1% in the quarter. Jpmorgan Chase & Co claims 1,081 shares worth $4,000. The value of the position overall is down by 0.0%.
The company is so far trading up by 1.43%% since yesterday’s close of 3.45. Pingtan Marine Enterprise Ltd. announced a dividend for shareholders that was paid on Tuesday the 15th of August 2017. The dividend was $0.010 per share for the quarter or $0.04 on an annualized basis. This dividend represents a yield of $1.17 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 27th of July 2017.
It is currently trading at $3.50 which is a tad under $3.54, the stock’s 50 day moving average and well below the 200 day moving average of $3.92. The 50 day moving average went down by -1.1285% and the 200 day average went down by -10.6570%.
The company’s P/E ratio is 19.1213 and market capitalization is 276.63M.
Pingtan Marine Enterprise Ltd., launched on January 18, 2010, is a marine enterprises company. The Company is primarily engaging in ocean fishing through its operating subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd. (Pingtan Fishing). The Company harvests a range of fish species with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, Indo-Pacific waters, the Arafura Sea of Indonesia, and international waters of Atlantic and Pacific Oceans. As of December 31, 2016, the Company owned 91 trawlers, 15 drifters, three light luring seine vessels, two squid jigging vessels and had exclusive operating license rights to 20 drifters..