Perma-Pipe International Holdin shares had a trading volume of 21K on Tuesday. Volume was up 354.16% over the stocks average daily volume.
Traders are feeling more bearish on shares of the company lately if you look at the uptick in short interest. The firm had a rise in short interest of 8.87% as of the latest report on October 13, 2017. Short interest grew from 10,936 to 11,906 over that timeframe. Days to cover decreased 0.0 to 2.0 and the percentage of shorted shares is 0.00% as of October 13.
In the market the company is trading up since yesterday’s close of $0.00. The stock is trading at $8.35 a tad under $8.45, the 50 day moving average and which is just a bit higher than the 200 day moving average of $8.06. The 50 day moving average was down $-0.10 or -1.13% and the 200 day average moved up $0.29.
MFRI, Inc., together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping leak detection and location systems. It offers various piping systems, including industrial and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products; insulated and jacketed district heating and cooling piping systems; subsea oil and gas gathering flow; and above ground long lines for oil and mineral transportation. The company sells its products primarily in the United States, the Middle East, Europe, Canada, India, and other Americas. MFRI, Inc. was founded in 1989 and is headquartered in Niles, Illinois..Advertisement