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