Patriot Transportation Holding Inc (NASDAQ:PATI) Short Interest Update
Patriot Transportation Holding Inc (NASDAQ:PATI) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 1,400 shares, a decline of 60.0% from the June 15th total of 3,500 shares. Based on an average trading volume of 1,100 shares, the short-interest ratio is presently 1.3 days. Approximately 0.1% of the shares of the company are sold short.
Separately, ValuEngine raised shares of Zumiez from a “sell” rating to a “hold” rating in a research report on Monday, July 22nd.
Shares of Patriot Transportation stock remained flat at $$17.60 on Friday. 100 shares of the stock were exchanged, compared to its average volume of 1,416. Patriot Transportation has a twelve month low of $16.80 and a twelve month high of $21.95. The company has a fifty day simple moving average of $17.75. The stock has a market cap of $58.91 million, a price-to-earnings ratio of 30.88 and a beta of -0.12.
A hedge fund recently raised its stake in Patriot Transportation stock. Quantum Capital Management lifted its position in shares of Patriot Transportation Holding Inc (NASDAQ:PATI) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,265 shares of the transportation company’s stock after acquiring an additional 569 shares during the quarter. Quantum Capital Management owned 2.23% of Patriot Transportation worth $1,396,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 51.07% of the company’s stock.
About Patriot Transportation
Patriot Transportation Holding, Inc, through its subsidiary, Florida Rock & Tank Lines, Inc, engages in the transportation business. The company is involved in hauling petroleum related products, including gas and diesel fuel; and dry bulk commodities, such as cement, lime, and various industrial powder products, and liquid chemicals.
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