Westaim Corp. (OTCMKTS:WEDXF) Short Interest Up 67.9% in August

Key Points

• Westaim Corp. experienced a significant increase in short interest, rising by 67.9% in August, with a total of 23,500 shares sold short by the end of the month.
• The company's quarterly earnings report showed earnings per share of (0.01), surpassing analysts' expectations of (0.17), with revenue reaching $10.50 million.
• Westaim's current stock price is $20.44, within a 1-year range of $17.12 to $25.98, and it has a market capitalization of approximately $685.97 million.

Westaim Corp. (OTCMKTS:WEDXF - Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 23,500 shares, a growth of 67.9% from the August 15th total of 14,000 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is currently 6.2 days. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is currently 6.2 days. Currently, 0.1% of the company's shares are sold short.

Westaim Price Performance

OTCMKTS:WEDXF opened at $20.44 on Monday. Westaim has a 1-year low of $17.12 and a 1-year high of $25.98. The company has a 50-day moving average of $21.28 and a 200 day moving average of $22.03. The firm has a market cap of $685.97 million, a PE ratio of -14.60 and a beta of 0.19.

Westaim (OTCMKTS:WEDXF - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.17) by $0.16. Westaim had a negative net margin of 118.02% and a negative return on equity of 5.51%. The company had revenue of $10.50 million during the quarter, compared to analyst estimates of $1.46 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.

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