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

PyroGenesis Canada Inc. (NASDAQ:PYRGF - Get Free Report) was the target of a significant increase in short interest during 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. Based on an average daily trading volume, of 20,200 shares, the short-interest ratio is currently 5.0 days. Approximately 0.1% of the company's shares are short sold.

PyroGenesis Canada Stock Performance

Shares of PYRGF opened at $0.35 on Tuesday. PyroGenesis Canada has a fifty-two week low of $0.30 and a fifty-two week high of $0.80. The company has a market capitalization of $65.58 million, a PE ratio of -5.86 and a beta of 0.89. The stock has a fifty day moving average of $0.34 and a two-hundred day moving average of $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.

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