Heatwurx Inc. (NASDAQ:PCSA) Stock Short Interest Climbs 1,022.9%

Heatwurx Inc. (NASDAQ:PCSA – Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 46,488 shares, an increase of 1,022.9% from the September 30th total of 4,140 shares. Based on an average daily trading volume, of 329,090 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.7% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Heatwurx in a report on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Read Our Latest Research Report on PCSA

Heatwurx Price Performance

Shares of NASDAQ:PCSA traded up $0.08 during midday trading on Tuesday, reaching $1.87. 5,925 shares of the company’s stock were exchanged, compared to its average volume of 127,228. The stock has a market cap of $5.24 million, a price-to-earnings ratio of -0.44 and a beta of 1.20. Heatwurx has a fifty-two week low of $1.04 and a fifty-two week high of $10.84. The firm’s 50 day simple moving average is $1.87 and its two-hundred day simple moving average is $2.40.

Heatwurx (NASDAQ:PCSA – Get Free Report) last released its earnings results on Friday, August 14th. The company reported ($1.19) EPS for the quarter, missing the consensus estimate of ($1.00) by ($0.19).

About Heatwurx

(Get Free Report)

Heatwurx is an asphalt pavement maintenance technology company that develops and markets infrared-based repair systems. Its technology uses controlled heat to soften existing asphalt and enable repairs that integrate new and reclaimed pavement material with the surrounding surface.

The company’s products are designed for applications such as pothole repair, pavement seams, utility cuts, overlays and other localized roadway defects. Heatwurx systems are intended for use by paving contractors, municipalities and other organizations responsible for maintaining asphalt surfaces, with an emphasis on extending pavement life and reducing the need for extensive removal and replacement.

Publicly available information about Heatwurx’s ownership, leadership and geographic operations is limited.

Further Reading

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