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

Heatwurx Inc. (NASDAQ:PCSA) was the recipient of a large 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. Based on an average trading volume of 329,090 shares, the short-interest ratio is currently 0.1 days. Currently, 1.7% of the company’s shares are short sold.

Heatwurx Stock Down 0.8%

PCSA stock traded down $0.01 during midday trading on Monday, hitting $1.79. The company’s stock had a trading volume of 19,526 shares, compared to its average volume of 194,046. Heatwurx has a 52-week low of $1.04 and a 52-week high of $10.84. The firm has a market capitalization of $5.03 million, a P/E ratio of -0.42 and a beta of 1.20. The firm has a 50-day simple moving average of $1.87 and a 200-day simple moving average of $2.40.

Heatwurx (NASDAQ:PCSA) last posted its quarterly earnings data 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).

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Heatwurx in a report on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Heatwurx Company Profile

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.