The Westaim Co. (OTCMKTS:WEDXF) Sees Significant Growth in Short Interest

The Westaim Co. (OTCMKTS:WEDXF) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 22,700 shares, a growth of 808.0% from the August 31st total of 2,500 shares. Based on an average trading volume of 33,900 shares, the days-to-cover ratio is presently 0.7 days.

Westaim Stock Performance

OTCMKTS:WEDXF opened at $2.89 on Friday. The stock has a market capitalization of $370.41 million, a PE ratio of 3.57 and a beta of 0.50. Westaim has a fifty-two week low of $2.55 and a fifty-two week high of $3.25. The company has a fifty day moving average of $2.91 and a two-hundred day moving average of $2.87.

Westaim (OTCMKTS:WEDXF) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.13) earnings per share for the quarter. Westaim had a return on equity of 12.54% and a net margin of 737.56%. The company had revenue of $3.51 million for the quarter.

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.