Short Interest in The Westaim Co. (OTCMKTS:WEDXF) Increases By 125.9%

The Westaim Co. (OTCMKTS:WEDXF) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 33,200 shares, an increase of 125.9% from the October 15th total of 14,700 shares. Based on an average daily trading volume, of 109,600 shares, the days-to-cover ratio is currently 0.3 days.

Westaim Stock Performance

Shares of WEDXF stock opened at $3.56 on Friday. The firm has a market cap of $456.29 million, a price-to-earnings ratio of 12.35 and a beta of 0.47. Westaim has a 52 week low of $2.55 and a 52 week high of $3.70. The firm’s 50-day simple moving average is $3.22 and its two-hundred day simple moving average is $3.03.

Westaim (OTCMKTS:WEDXF) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.13) EPS for the quarter. Westaim had a return on equity of 7.73% and a net margin of 284.74%. The company had revenue of $3.51 million during the quarter.

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.