Heatwurx Inc. (NASDAQ:PCSA) Stock Short Interest Falls 72.4%

Heatwurx Inc. (NASDAQ:PCSA – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 4,140 shares, a decrease of 72.4% from the September 15th total of 14,995 shares. Based on an average daily volume of 23,095 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Heatwurx in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on Heatwurx

Heatwurx Trading Down 6.8%

PCSA traded down $0.13 during mid-day trading on Tuesday, hitting $1.77. 67,708 shares of the stock were exchanged, compared to its average volume of 132,555. The firm’s fifty day moving average is $2.00 and its two-hundred day moving average is $2.32. Heatwurx has a 1-year low of $1.04 and a 1-year high of $11.00. The company has a market cap of $4.90 million, a PE ratio of -0.42 and a beta of 1.20.

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

Heatwurx Company Profile

(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.

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