The Westaim Co. (OTCMKTS:WEDXF) Short Interest Up 100.0% in March

The Westaim Co. (OTCMKTS:WEDXF) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 5,600 shares, a growth of 100.0% from the March 15th total of 2,800 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is currently 0.9 days.

Westaim Stock Up 0.7 %

Shares of OTCMKTS WEDXF opened at $21.59 on Friday. Westaim has a twelve month low of $15.30 and a twelve month high of $25.98. The firm has a market cap of $461.21 million, a PE ratio of 12.41 and a beta of 0.19. The business has a fifty day simple moving average of $21.98 and a two-hundred day simple moving average of $13.08.

Westaim (OTCMKTS:WEDXF) last released its quarterly earnings data on Wednesday, March 26th. The company reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.05). The business had revenue of $4.60 million during the quarter, compared to analysts’ expectations of $4.70 million. Westaim had a return on equity of 7.76% and a net margin of 284.74%.

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.