Short Interest in The Westaim Co. (OTCMKTS:WEDXF) Increases By 55.6%

The Westaim Co. (OTCMKTS:WEDXF) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,800 shares, a growth of 55.6% from the February 28th total of 1,800 shares. Based on an average trading volume of 13,200 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Westaim Trading Down 0.7 %

WEDXF stock opened at $21.95 on Tuesday. The firm has a market cap of $468.90 million, a P/E ratio of 12.62 and a beta of 0.39. The stock’s 50 day simple moving average is $21.87 and its 200 day simple moving average is $11.36. Westaim has a 12-month low of $15.30 and a 12-month high of $25.98.

Westaim (OTCMKTS:WEDXF) last issued its earnings results on Wednesday, March 26th. The company reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.05). Westaim had a return on equity of 7.76% and a net margin of 284.74%. The business had revenue of $4.60 million for the quarter, compared to analyst estimates of $4.70 million.

Westaim Company Profile

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.