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

The Westaim Co. (OTCMKTS:WEDXF - Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 14,700 shares, an increase of 212.8% from the September 30th total of 4,700 shares. Based on an average daily volume of 243,900 shares, the short-interest ratio is currently 0.1 days.

Westaim Price Performance

Shares of OTCMKTS WEDXF traded down $0.03 during trading hours on Friday, reaching $3.46. The stock had a trading volume of 9,963 shares, compared to its average volume of 28,693. The company has a market cap of $443.03 million, a price-to-earnings ratio of 4.27 and a beta of 0.50. Westaim has a twelve month low of $2.55 and a twelve month high of $3.55. The business's fifty day moving average is $3.04 and its two-hundred day moving average is $2.95.

Westaim (OTCMKTS:WEDXF - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.13) earnings per share (EPS) for the quarter. Westaim had a net margin of 737.56% and a return on equity of 12.54%. The business had revenue of $3.51 million during the quarter.

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.