Short Interest in The Westaim Co. (OTCMKTS:WEDXF) Decreases By 79.8%

The Westaim Co. (OTCMKTS:WEDXF - Get Free Report) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 14,500 shares, a decline of 79.8% from the December 31st total of 71,900 shares. Based on an average daily trading volume, of 93,700 shares, the days-to-cover ratio is presently 0.2 days.

Westaim Price Performance

Westaim stock traded up $0.30 during midday trading on Friday, reaching $20.55. The stock had a trading volume of 17,371 shares, compared to its average volume of 40,719. The firm's fifty day simple moving average is $10.35 and its two-hundred day simple moving average is $5.62. Westaim has a twelve month low of $2.55 and a twelve month high of $3.73. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 70.86 and a beta of 0.45.

Westaim (OTCMKTS:WEDXF - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $6.59 million during the quarter. Westaim had a return on equity of 7.76% 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.