Short Interest in Patriot Transportation Holding Inc (NASDAQ:PATI) Decreases By 37.5%

Patriot Transportation Holding Inc (NASDAQ:PATI) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 500 shares, a decrease of 37.5% from the July 31st total of 800 shares. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

An institutional investor recently raised its position in Patriot Transportation stock. Minerva Advisors LLC lifted its stake in shares of Patriot Transportation Holding Inc (NASDAQ:PATI) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,325 shares of the transportation company’s stock after purchasing an additional 1,426 shares during the quarter. Patriot Transportation comprises 2.3% of Minerva Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Minerva Advisors LLC owned about 7.51% of Patriot Transportation worth $4,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 48.62% of the company’s stock.

Shares of PATI stock traded up $0.11 on Friday, reaching $17.80. 2,100 shares of the company were exchanged, compared to its average volume of 2,528. The company has a market cap of $58.61 million, a price-to-earnings ratio of 48.64 and a beta of -0.15. The company has a 50-day moving average of $17.80 and a 200-day moving average of $18.32. Patriot Transportation has a one year low of $16.75 and a one year high of $21.24.

Patriot Transportation (NASDAQ:PATI) last released its quarterly earnings data on Wednesday, July 31st. The transportation company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $27.53 million for the quarter. Patriot Transportation had a net margin of 1.97% and a return on equity of 2.16%.

Separately, ValuEngine raised shares of Patriot Transportation from a “sell” rating to a “hold” rating in a research report on Monday, July 22nd.

Patriot Transportation Company Profile

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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