Is Perma-pipe International Holdings Inc (NASDAQ:PPIH)’s Fuel Running High? Reports Show Less Sellers

The stock of Perma-pipe International Holdings Inc (NASDAQ:PPIH) registered a decrease of 11.58% in short interest. PPIH’s total short interest was 8,400 shares in November as published by FINRA. Its down 11.58% from 9,500 shares, reported previously. With 2,500 shares average volume, it will take short sellers 3 days to cover their PPIH’s short positions. The short interest to Perma-pipe International Holdings Inc’s float is 0.16%.

The stock increased 0.03% or $0.003 during the last trading session, reaching $8.743. About 8,488 shares traded or 24.11% up from the average. Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) has risen 14.81% since November 29, 2017 and is uptrending. It has underperformed by 0.81% the S&P500.

Perma-Pipe International Holdings, Inc., together with its subsidiaries, engineers, designs, makes, and sells specialty piping, and leak detection and location systems. The company has market cap of $68.86 million. The firm offers various piping systems, including industrial and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products; insulated and jacketed piping systems for district heating and cooling; insulation for subsea gas and oil gathering flowlines and equipment; above and below ground long lines for oil and mineral transportation; and anti-corrosion coatings for gas and oil distribution and gathering pipelines. It currently has negative earnings. It sells its products in the United States, the Middle East, Canada, India, and internationally.

More notable recent Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) news were published by: Nasdaq.com which released: “CECO Environmental Corp. (CECE) Ex-Dividend Date Scheduled for September 14, 2017 – Nasdaq” on September 13, 2017, also Businesswire.com with their article: “Perma-Pipe International Holdings Announces the Appointment of D. Bryan Norwood as Vice President and CFO – Business Wire” published on October 01, 2018, Businesswire.com published: “Perma-Pipe International Holdings Announces that Director Bradley E. Mautner Will Not Stand For Re-Election to Board – Business Wire” on April 25, 2018. More interesting news about Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) were released by: Marketwired.com and their article: “Perma-Pipe International Holdings Announces Fourth Quarter and Full Year Financial Results – Marketwired” published on April 14, 2017 as well as Globenewswire.com‘s news article titled: “Perma-Pipe International Holdings Appoints Grant Dewbre Senior Vice President – Middle East North Africa (MENA) – GlobeNewswire” with publication date: November 16, 2017.

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