Westaim Corp. (OTCMKTS:WEDXF) Sees Significant Increase in Short Interest

Westaim Corp. (OTCMKTS:WEDXF - Get Free Report) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 13,300 shares, a growth of 75.0% from the May 15th total of 7,600 shares. Based on an average trading volume of 5,000 shares, the short-interest ratio is presently 2.7 days. Currently, 0.1% of the shares of the stock are sold short.

Westaim Stock Down 1.3%

WEDXF stock traded down $0.30 during midday trading on Wednesday, reaching $23.29. 1,766 shares of the company's stock traded hands, compared to its average volume of 3,293. The company has a 50-day simple moving average of $22.81 and a two-hundred day simple moving average of $19.03. Westaim has a 1-year low of $16.62 and a 1-year high of $25.98. The company has a market cap of $781.61 million, a price-to-earnings ratio of -10.73 and a beta of 0.24.

Westaim (OTCMKTS:WEDXF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Westaim had a negative net margin of 253.76% and a negative return on equity of 9.36%. The firm had revenue of ($4.70) million for the quarter, compared to analyst estimates of $1.34 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.