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

Heatwurx Inc. (NASDAQ:PCSA) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 4,140 shares, a drop of 72.4% from the September 15th total of 14,995 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 23,095 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

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

Heatwurx Price Performance

Shares of Heatwurx stock traded up $0.38 on Monday, hitting $1.90. 435,305 shares of the company’s stock traded hands, compared to its average volume of 132,878. The firm’s 50-day moving average price is $2.01 and its two-hundred day moving average price is $2.32. The stock has a market capitalization of $5.26 million, a PE ratio of -0.45 and a beta of 1.20. Heatwurx has a one year low of $1.04 and a one year high of $11.08.

Heatwurx (NASDAQ:PCSA) last announced its quarterly earnings data on Friday, August 14th. The company reported ($1.19) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($0.19).

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.