PyroGenesis Canada Inc. (NASDAQ:PYR – Get Rating) saw a sharp drop in short-term interest in April. As of April 30, there was short interest totaling 2,050,000 shares, a decline of 15.3% from the April 15 total of 2,420,000 shares. Based on an average daily volume of 102,100 shares, the day-to-cover ratio is currently 20.1 days. Currently, 2.3% of the stock’s shares are sold short.
Several hedge funds have recently changed their PYR holdings. Cubist Systematic Strategies LLC acquired a new position in PyroGenesis Canada stock during Q4 worth $33,000. Bank of America Corp DE increased its stake in PyroGenesis Canada shares by 76.0% during the 4th quarter. Bank of America Corp DE now owns 15,073 shares of the company worth $40,000 after acquiring 6,511 additional shares in the last quarter. Cibc World Market Inc. purchased a new equity stake in PyroGenesis Canada during Q1 for $50,000. McAdam LLC purchased a new equity stake in PyroGenesis Canada during Q1 for $53,000. Finally, Mackenzie Financial Corp increased its stake in PyroGenesis Canada shares by 62.2% during the 4th quarter. Mackenzie Financial Corp now owns 20,455 shares of the company worth $54,000 after acquiring 7,847 additional shares in the last quarter. Institutional investors hold 0.79% of the company’s shares.
PYR shares opened at $1.86 on Wednesday. PyroGenesis Canada has a 1 year minimum of $1.58 and a 1 year maximum of $6.98. The stock has a market capitalization of $316.43 million, a PE ratio of -10.94 and a beta of -0.03. The company’s 50-day moving average is $2.05 and its 200-day moving average is $2.56. The company has a debt ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.57.
PyroGenesis Canada Corporate Profile (Get an assessment)
PyroGenesis Canada Inc designs, develops, manufactures and markets plasma processes and systems in Canada and abroad. It offers DROSRITE, a process for improving the recovery of metals from slag without any hazardous by-products, mainly targeting the aluminum and zinc industries; PUREVAP, a process for producing high purity metallurgical and solar grade silicon from quartz; and PUREVAP Nano Silicon Reactor, which is designed to process silicon into spherical silicon powders and silicon nanowires for use in lithium-ion batteries.
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