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

The Westaim Co. (OTCMKTS:WEDXF) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,800 shares, a decline of 40.0% from the February 13th total of 3,000 shares. Based on an average trading volume of 18,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Westaim Trading Up 0.3 %

OTCMKTS:WEDXF opened at $21.16 on Monday. The company has a 50-day moving average price of $21.57 and a 200-day moving average price of $9.89. The stock has a market cap of $452.02 million, a price-to-earnings ratio of 12.16 and a beta of 0.39. Westaim has a 12 month low of $15.30 and a 12 month high of $25.98.

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.