Perimeter Solutions, SA (NYSE:PRM) Sees Large Increase in Short Interest

Perimeter Solutions, SA (NYSE:PRM) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 3,320,000 shares, an increase of 17.7% from the February 13th total of 2,820,000 shares. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is presently 2.9 days. Currently, 2.4% of the company’s stock are short sold.

Insider Transactions at Perimeter Solutions

In other news, Director Vivek Raj sold 250,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.17, for a total value of $2,292,500.00. Following the transaction, the director now directly owns 471,226 shares of the company’s stock, valued at $4,321,142.42. This represents a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Perimeter Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank bought a new position in Perimeter Solutions during the fourth quarter worth about $38,000. Quarry LP acquired a new position in shares of Perimeter Solutions during the 3rd quarter worth approximately $52,000. McAdam LLC bought a new position in shares of Perimeter Solutions during the fourth quarter worth approximately $131,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Perimeter Solutions in the third quarter valued at approximately $138,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Perimeter Solutions in the fourth quarter valued at approximately $136,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

Perimeter Solutions Stock Performance

Perimeter Solutions stock traded up $0.16 during trading hours on Thursday, hitting $9.43. The company had a trading volume of 297,559 shares, compared to its average volume of 1,139,335. The firm has a 50-day moving average of $11.44 and a 200 day moving average of $12.32. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The firm has a market cap of $1.41 billion, a PE ratio of -67.35 and a beta of 1.93. Perimeter Solutions has a one year low of $6.13 and a one year high of $14.44.

Perimeter Solutions (NYSE:PRM) last announced its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.21. The company had revenue of $86.23 million for the quarter, compared to analyst estimates of $77.01 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. On average, sell-side analysts expect that Perimeter Solutions will post 0.71 earnings per share for the current year.

Perimeter Solutions Company Profile

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.