Short Interest in Patriot Transportation Holding Inc (NASDAQ:PATI) Expands By 75.0%

Patriot Transportation Holding Inc (NASDAQ:PATI) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 3,500 shares, a growth of 75.0% from the May 30th total of 2,000 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 900 shares, the short-interest ratio is presently 3.9 days.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Patriot Transportation by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 116,568 shares of the transportation company’s stock valued at $2,272,000 after acquiring an additional 1,243 shares during the period. Estabrook Capital Management increased its position in Patriot Transportation by 1.8% in the 4th quarter. Estabrook Capital Management now owns 87,761 shares of the transportation company’s stock valued at $1,730,000 after acquiring an additional 1,565 shares during the period. Finally, Quantum Capital Management increased its position in Patriot Transportation by 0.8% in the 1st quarter. Quantum Capital Management now owns 74,265 shares of the transportation company’s stock valued at $1,396,000 after acquiring an additional 569 shares during the period. Institutional investors and hedge funds own 51.07% of the company’s stock.

Separately, ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday.



Shares of PATI traded up $0.01 during midday trading on Thursday, reaching $17.11. 749 shares of the stock were exchanged, compared to its average volume of 2,921. The firm has a 50-day simple moving average of $18.11. Patriot Transportation has a twelve month low of $16.97 and a twelve month high of $21.95. The stock has a market cap of $57.27 million, a P/E ratio of 30.03 and a beta of -0.12.

Patriot Transportation (NASDAQ:PATI) last posted its earnings results on Monday, May 13th. The transportation company reported $0.09 EPS for the quarter. Patriot Transportation had a return on equity of 3.49% and a net margin of 2.55%. The business had revenue of $27.01 million for the quarter.

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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