Westaim Corp. (OTCMKTS:WEDXF) Short Interest Update

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 target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 23,500 shares, an increase of 67.9% from the August 15th total of 14,000 shares. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is currently 6.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is currently 6.2 days.

Westaim Stock Down 1.2%

Westaim stock traded down $0.26 during midday trading on Friday, hitting $20.80. The company's stock had a trading volume of 2,616 shares, compared to its average volume of 4,928. The stock's 50-day moving average price is $21.19 and its 200-day moving average price is $22.00. Westaim has a 12 month low of $17.34 and a 12 month high of $25.98. The company has a market capitalization of $697.94 million, a PE ratio of -14.86 and a beta of 0.19.

Westaim (OTCMKTS:WEDXF - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The company reported ($0.01) EPS for the quarter, topping the consensus estimate 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 firm had revenue of $10.50 million for the quarter, compared to analysts' expectations 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.