The Westaim Co. (OTCMKTS:WEDXF) Sees Large Growth in Short Interest

The Westaim Co. (OTCMKTS:WEDXF - Get Free Report) was the target 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 trading volume of 109,600 shares, the short-interest ratio is currently 0.3 days.

Westaim Trading Up 2.2 %

Shares of WEDXF traded up $0.08 during mid-day trading on Wednesday, reaching $3.63. The company had a trading volume of 188,252 shares, compared to its average volume of 109,000. Westaim has a fifty-two week low of $2.55 and a fifty-two week high of $3.67. The firm has a fifty day simple moving average of $3.19 and a 200-day simple moving average of $3.02. The stock has a market cap of $465.13 million, a price-to-earnings ratio of 12.51 and a beta of 0.47.

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