(NASDAQ:PATI) shares saw light trading volume with 335 shares changing hands in the last trading session. Trading volume was down 93.90% under the stocks average daily volume.
Investors are a little more bearish on the company recently if you take a look at the increase in short interest. The stock recorded a rise in short interest of 78.29% as of October 13, 2017 from the last reporting period. Short shares increased 1,183 over that period. The short-interest ratio decreased to 0.0 and the percentage of shorted shares is 0.00% as of October 13.
These firms have modified their investment in PATI. As of the end of the quarter Salem Investment Counselors Inc had sold a total of 88,424 shares trimming its stake by 93.9%. The value of the company’s investment in Patriot Transportation Holding, decreased from $2,142,000 to $103,000 decreasing 95.2% for the reporting period. Wellington Management Group Llp trimmed its investment by selling 42,826 shares a decrease of 73.7% in the quarter. Wellington Management Group Llp owns 15,258 shares worth $273,000. The total value of its holdings decreased 79.3%.
Blackrock Inc. divested its holdings by shedding 51,595 shares a decrease of 99.2% from 03/31/2017 to 06/30/2017. Blackrock Inc. claims 424 shares with a value of $8,000. The value of the position overall is down by 99.3%. Tower Research Capital LLC (trc) reduced its stake by selling 211 shares a decrease of 73.3%. Tower Research Capital LLC (trc) now controls 77 shares valued at $1,000. The value of the position overall is down by 85.7%.
The company is trading unchanged since yesterday’s close of $19.64. Shares of the company are trading at $19.65 marginally over $19.53, the 50 day moving average and a tad above the 200 day moving average of $19.53. The 50 day moving average was up by +0.575% and the 200 day average went up by +0.612%.
The company currently has a P/E ratio of 17.416 and the market cap of the company is 64.89M.
Patriot Transportation Holding, Inc., launched on August 5, 2014, operates as a regional tank truck. The Company conducts its business through its subsidiary, Florida Rock & Tank Lines, Inc. Its business consists of hauling petroleum related products, and dry bulk commodities and liquid chemicals. The Company operates terminals in Florida, Georgia, Alabama, South Carolina, North Carolina and Tennessee. As of September 30, 2016, the Company operated a fleet of 468 tractors and 561 tank trailers from its 21 terminals and nine satellite locations..