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

Westaim logo with Basic Materials background

The Westaim Co. (OTCMKTS:WEDXF - Get Free Report) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 26,300 shares, a decline of 20.8% from the October 31st total of 33,200 shares. Based on an average trading volume of 347,600 shares, the days-to-cover ratio is presently 0.1 days.

Westaim Price Performance

WEDXF traded down $0.01 on Friday, reaching $3.55. 14,100 shares of the company traded hands, compared to its average volume of 117,872. The stock's 50 day moving average price is $3.36 and its 200-day moving average price is $3.09. Westaim has a 52-week low of $2.55 and a 52-week high of $3.70. The company has a market cap of $455.00 million, a price-to-earnings ratio of 12.24 and a beta of 0.47.

About Westaim

(Get Free Report)

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.

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