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

Key Points

• Short interest fell 17.2% in March to 35,374 shares (about 0.1% of the stock) with a days-to-cover ratio of 3.0, indicating reduced shorting activity in Westaim.
• Westaim reported a quarterly EPS of -$0.56 versus an estimated -$0.14, missing by $0.42, while reporting revenue of $20.8 million versus estimates of $1.78 million and showing a negative net margin of 77.37%.
• The stock trades in a 12-month range of $15.50–$24.01, opened at $17.75, has a market cap of $592.5 million and a negative PE of -14.09, with 50- and 200-day moving averages near $17.87 and $18.35 respectively.

Westaim Corp. (OTCMKTS:WEDXF - Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 35,374 shares, a decrease of 17.2% from the February 26th total of 42,746 shares. Based on an average trading volume of 11,958 shares, the days-to-cover ratio is currently 3.0 days. Approximately 0.1% of the company's stock are sold short.

Westaim Price Performance

OTCMKTS WEDXF opened at $17.75 on Monday. Westaim has a 12-month low of $15.50 and a 12-month high of $24.01. The company has a market capitalization of $592.50 million, a PE ratio of -14.09 and a beta of 0.20. The firm's 50 day moving average is $17.87 and its 200-day moving average is $18.35.

Westaim (OTCMKTS:WEDXF - Get Free Report) last released its earnings results on Thursday, March 26th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.42). Westaim had a negative net margin of 77.37% and a negative return on equity of 6.15%. The company had revenue of $20.80 million during the quarter, compared to analyst estimates of $1.78 million.

About Westaim

Westaim Corp. OTCMKTS: WEDXF is a Toronto-based investment firm focused on creating value through specialized credit, real estate and private equity strategies. The company operates as a capital allocator, partnering with experienced managers to deploy capital across a range of alternative asset classes. Westaim's platform is designed to generate attractive risk-adjusted returns while maintaining a flexible mandate that can adapt to changing market conditions.

Through its private equity activities, Westaim invests alongside established sponsors in opportunities spanning leveraged buyouts, growth equity and carve-out transactions.

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