Short Interest in The Westaim Co. (OTCMKTS:WEDXF) Increases By 128.6%

The Westaim Co. (OTCMKTS:WEDXF - Get Free Report) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 12,800 shares, a growth of 128.6% from the March 31st total of 5,600 shares. Currently, 0.1% of the company's shares are sold short. Based on an average trading volume of 18,400 shares, the days-to-cover ratio is currently 0.7 days.

Westaim Trading Up 2.3 %

Shares of Westaim stock traded up $0.51 during trading hours on Friday, reaching $23.08. The stock had a trading volume of 40,636 shares, compared to its average volume of 8,588. Westaim has a 1 year low of $16.32 and a 1 year high of $25.98. The firm has a market capitalization of $493.03 million, a price-to-earnings ratio of 13.27 and a beta of 0.19. The firm has a 50 day simple moving average of $21.86 and a two-hundred day simple moving average of $14.63.

Westaim (OTCMKTS:WEDXF - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The company reported ($0.99) EPS for the quarter, missing the consensus estimate of $0.06 by ($1.05). Westaim had a net margin of 284.74% and a return on equity of 7.76%. The business had revenue of $4.60 million during the quarter, compared to analysts' expectations 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.