Heatwurx Inc. (NASDAQ:PCSA) Sees Large Increase in Short Interest

Heatwurx Inc. (NASDAQ:PCSA – Get Free Report) was the recipient of a significant increase in short interest in 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. Currently, 1.7% of the company’s stock are short sold. Based on an average trading volume of 329,090 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Check Out Our Latest Report on PCSA

Heatwurx Trading Down 0.8%

Shares of PCSA stock traded down $0.01 on Monday, reaching $1.79. 19,526 shares of the stock were exchanged, compared to its average volume of 194,046. The company has a market capitalization of $5.03 million, a price-to-earnings ratio of -0.42 and a beta of 1.20. The business’s 50 day moving average price is $1.87 and its 200 day moving average price is $2.40. Heatwurx has a twelve month low of $1.04 and a twelve month high of $10.84.

Heatwurx (NASDAQ:PCSA – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($1.19) earnings per share for the quarter, missing analysts’ consensus estimates 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.

Further Reading

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