The Westaim Co. (OTCMKTS:WEDXF) Sees Significant Growth in Short Interest

The Westaim Co. (OTCMKTS:WEDXF – Get Rating) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 7,900 shares, a growth of 25.4% from the March 31st total of 6,300 shares. Based on an average daily volume of 55,900 shares, the short-interest ratio is currently 0.1 days.

Shares of OTCMKTS WEDXF opened at $1.99 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.63 and a current ratio of 0.63. Westaim has a 52 week low of $1.70 and a 52 week high of $2.36. The stock has a market capitalization of $284.46 million, a P/E ratio of 10.49 and a beta of 0.64. The stock’s fifty day moving average is $1.84 and its 200 day moving average is $1.93.

Westaim (OTCMKTS:WEDXF – Get Rating) last issued its quarterly earnings results on Thursday, April 14th. The company reported $0.08 EPS for the quarter. Westaim had a return on equity of 10.12% and a net margin of 1,188.31%. The company had revenue of $0.60 million for the quarter.

Westaim Company Profile (Get Rating)

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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