Short Interest in The Westaim Co. (OTCMKTS:WEDXF) Increases By 125.9%

The Westaim Co. (OTCMKTS:WEDXF) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 33,200 shares, an increase of 125.9% from the October 15th total of 14,700 shares. Based on an average daily volume of 109,600 shares, the short-interest ratio is presently 0.3 days.

Westaim Stock Performance

Westaim stock opened at $3.63 on Thursday. Westaim has a fifty-two week low of $2.55 and a fifty-two week high of $3.70. The stock has a market cap of $465.13 million, a P/E ratio of 12.51 and a beta of 0.47. The firm’s fifty day moving average price is $3.21 and its 200-day moving average price is $3.03.

Westaim (OTCMKTS:WEDXF) last announced its earnings results on Tuesday, August 13th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $3.51 million during the quarter. Westaim had a return on equity of 7.73% and a net margin of 284.74%.

About Westaim

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.