Pingtan Marine Enterprise Ltd (NASDAQ:PME) Short Interest Down 31.5% in June

Pingtan Marine Enterprise Ltd (NASDAQ:PME) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 21,300 shares, a drop of 31.5% from the May 30th total of 31,100 shares. Based on an average trading volume of 20,300 shares, the short-interest ratio is presently 1.0 days. Approximately 0.1% of the company’s shares are sold short.

Shares of PME traded up $0.10 during trading hours on Friday, hitting $2.53. The stock had a trading volume of 10,263 shares, compared to its average volume of 33,244. The company has a quick ratio of 1.01, a current ratio of 1.12 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $2.32. The firm has a market cap of $192.10 million, a price-to-earnings ratio of 8.68 and a beta of 0.18. Pingtan Marine Enterprise has a 1-year low of $1.71 and a 1-year high of $3.00.

About Pingtan Marine Enterprise

Pingtan Marine Enterprise Ltd., through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co, Ltd., engages in the ocean fishing business. The company harvests a range of fish species, such as ribbon and croaker fish, Peru squid, Argentina squid, sailfish, chub mackerel, cuttlefish, and pomfret with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, the Arafura Sea of Indonesia, the international waters of Atlantic and Pacific Oceans, and the international waters of Indian Ocean.

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