ScottUrquhart
Long

Buy PFIE and wait for shorts to cover

NASDAQ:PFIE   PROFIRE ENERGY INC
30 0 0
PFIE had 3.4m (6.5%) shares shorted as of Dec 31. Insiders control 60% of the outstanding shares and are unlikely to help the shorts cover.
Sept 30, 2014 - Cash $18m, no debt, Net Income $2m, so the company is very unlikely to go to zero. The shorts will need to cover as the stock appears to be putting in a floor.
PFIE is an oil             services company which has sold off with the sector. In the summer of '14 they raised $16m at $4, and with no debt, they are well positioned to weather the storm.
Buy at $2.52 for a trade to resistance at $3.20 and re-evaluate at that time.
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