Short Interest in The Westaim Co. (OTCMKTS:WEDXF) Drops By 40.0%

The Westaim Co. (OTCMKTS:WEDXFGet Rating) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 24,100 shares, a decline of 40.0% from the June 30th total of 40,200 shares. Based on an average daily trading volume, of 10,100 shares, the days-to-cover ratio is currently 2.4 days.

Westaim Price Performance

Shares of OTCMKTS:WEDXF opened at $1.87 on Friday. The company’s 50-day moving average is $1.91 and its 200 day moving average is $1.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $263.69 million, a P/E ratio of 12.43 and a beta of 0.57. Westaim has a fifty-two week low of $1.70 and a fifty-two week high of $2.19.

Westaim (OTCMKTS:WEDXFGet Rating) last issued its quarterly earnings results on Tuesday, May 17th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $3.07 million for the quarter. Westaim had a net margin of 470.17% and a return on equity of 8.28%.

Westaim Company Profile

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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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