The Westaim Co. (OTCMKTS:WEDXF) Sees Large Increase in Short Interest

The Westaim Co. (OTCMKTS:WEDXF) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 2,500 shares, an increase of 127.3% from the August 15th total of 1,100 shares. Based on an average daily volume of 34,600 shares, the days-to-cover ratio is presently 0.1 days.

Westaim Stock Up 3.1 %

WEDXF opened at $2.96 on Friday. The stock’s fifty day moving average is $2.92 and its two-hundred day moving average is $2.85. The company has a market capitalization of $379.38 million, a P/E ratio of 3.65 and a beta of 0.50. Westaim has a 52 week low of $2.55 and a 52 week high of $3.25.

Westaim (OTCMKTS:WEDXF) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $3.51 million for the quarter. Westaim had a return on equity of 12.49% and a net margin of 737.56%.

About Westaim

The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. For direct investments, the firm invests in early venture, mid venture, late venture, middle market, later stage, mature, emerging growth, PIPEs, and buyout transactions.