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

The Westaim Co. (OTCMKTS:WEDXF) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 5,600 shares, a growth of 100.0% from the March 15th total of 2,800 shares. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the company’s stock are short sold.

Westaim Price Performance

Westaim stock opened at $21.60 on Wednesday. The stock has a market capitalization of $461.42 million, a PE ratio of 12.42 and a beta of 0.19. The business’s fifty day moving average is $22.04 and its 200 day moving average is $12.90. Westaim has a one year low of $15.30 and a one year high of $25.98.

Westaim (OTCMKTS:WEDXF) last announced 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 net margin of 284.74% and a return on equity of 7.76%. The company had revenue of $4.60 million for the quarter, compared to analysts’ expectations of $4.70 million.

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.