Powerbridge Technologies Co., Ltd. (NASDAQ:PBTS – Get Rating) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 8,550,000 shares, a growth of 22.5% from the February 13th total of 6,980,000 shares. Based on an average daily trading volume, of 15,430,000 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in Powerbridge Technologies during the fourth quarter worth about $47,000. Cubist Systematic Strategies LLC bought a new position in shares of Powerbridge Technologies during the 3rd quarter valued at about $32,000. Citadel Advisors LLC increased its position in shares of Powerbridge Technologies by 9.9% during the 2nd quarter. Citadel Advisors LLC now owns 258,106 shares of the company's stock worth $166,000 after purchasing an additional 23,191 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Powerbridge Technologies during the 2nd quarter worth approximately $89,000. Finally, UBS Group AG acquired a new position in shares of Powerbridge Technologies during the 1st quarter worth approximately $41,000.

Powerbridge Technologies Stock Performance

Shares of PBTS remained flat at $0.10 during mid-day trading on Friday. The stock had a trading volume of 9,076,944 shares, compared to its average volume of 14,056,464. Powerbridge Technologies has a 12 month low of $0.08 and a 12 month high of $2.21. The business has a 50 day moving average of $0.11 and a 200-day moving average of $0.37.

Powerbridge Technologies Company Profile

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Powerbridge Technologies Co Ltd. is engaged in SaaS solutions and Blockchain applications. It provides technology solutions for the global trade industry, IoT platform services as well as intelligent fixtures and devices for smart city operations, supply chain platforms and social livestreaming services for the retail industry, metaverse and smart solutions for the travel and leisure industry, as well as cryptomining and digital asset operations.

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