Short Interest in The Westaim Co. (OTCMKTS:WEDXF) Rises By 55.6%

The Westaim Co. (OTCMKTS:WEDXF) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 2,800 shares, an increase of 55.6% from the February 28th total of 1,800 shares. Based on an average daily volume of 13,200 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Westaim Stock Down 0.3 %

Shares of WEDXF stock opened at $22.10 on Monday. The company’s 50 day moving average is $21.83 and its 200 day moving average is $11.22. The firm has a market cap of $472.10 million, a price-to-earnings ratio of 12.70 and a beta of 0.39. Westaim has a 52-week low of $15.30 and a 52-week high of $25.98.

Westaim (OTCMKTS:WEDXF) last announced its quarterly earnings results on Wednesday, March 26th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.05). The company had revenue of $4.60 million during the quarter, compared to analysts’ expectations of $4.70 million. Westaim had a net margin of 284.74% and a return on equity of 7.76%.

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.