PyroGenesis Canada Inc. (NASDAQ:PYRGF) Sees Large Increase in Short Interest

PyroGenesis Canada Inc. (NASDAQ:PYRGF) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 100,600 shares, an increase of 28.5% from the May 15th total of 78,300 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 20,200 shares, the days-to-cover ratio is presently 5.0 days.

PyroGenesis Canada Price Performance

PyroGenesis Canada stock opened at $0.35 on Tuesday. PyroGenesis Canada has a 12 month low of $0.30 and a 12 month high of $0.80. The company has a market cap of $65.58 million, a price-to-earnings ratio of -5.86 and a beta of 0.89. The stock’s 50-day moving average is $0.34 and its 200-day moving average is $0.38.

PyroGenesis Canada Company Profile

PyroGenesis Canada Inc designs, develops, manufactures, and commercializes plasma processes and solutions worldwide. The company offers DROSRITE, a process for enhancing metal recovery from dross without any hazardous by-products; plasma atomization process that allows produce and sell high purity spherical metal powders; PUREVAP, a process to produce high purity metallurgical and solar grade silicon from quartz; and PUREVAP NSiR, which is designed to transform silicon into spherical silicon nano powders and nanowires for use in lithium-ion batteries.