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

The Westaim Co. (OTCMKTS:WEDXF) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 4,700 shares, a decrease of 79.3% from the September 15th total of 22,700 shares. Based on an average daily volume of 32,000 shares, the days-to-cover ratio is currently 0.1 days.

Westaim Stock Performance

Shares of WEDXF stock opened at $3.38 on Friday. The stock has a market capitalization of $433.21 million, a price-to-earnings ratio of 7.07 and a beta of 0.50. Westaim has a one year low of $2.55 and a one year high of $3.55. The company’s 50-day simple moving average is $2.94 and its 200-day simple moving average is $2.89.

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

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.