Short Interest in Westaim Corp. (OTCMKTS:WEDXF) Grows By 62.8%

Westaim Corp. (OTCMKTS:WEDXF) was the target of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 14,000 shares, agrowthof62.8% from the July 31st total of 8,600 shares. Based on an average daily trading volume, of 6,800 shares, the short-interest ratio is presently 2.1 days. Based on an average daily trading volume, of 6,800 shares, the short-interest ratio is presently 2.1 days.

Westaim Price Performance

Shares of WEDXF opened at $20.40 on Friday. Westaim has a one year low of $16.62 and a one year high of $25.98. The company has a 50-day simple moving average of $21.49 and a two-hundred day simple moving average of $22.09. The firm has a market capitalization of $684.62 million, a PE ratio of -14.57 and a beta of 0.19.

Westaim (OTCMKTS:WEDXF) last posted its quarterly earnings results on Thursday, August 21st. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.16. Westaim had a negative return on equity of 6.03% and a negative net margin of 118.02%.The company had revenue of $10.50 million for the quarter, compared to the consensus estimate 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.