The Westaim Co. (OTCMKTS:WEDXF) Short Interest Up 125.9% in October

The Westaim Co. (OTCMKTS:WEDXF) saw 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 daily volume of 109,600 shares, the days-to-cover ratio is presently 0.3 days.

Westaim Stock Down 0.6 %

WEDXF stock opened at $3.56 on Friday. The stock has a 50-day simple moving average of $3.22 and a two-hundred day simple moving average of $3.03. Westaim has a twelve month low of $2.55 and a twelve month high of $3.70. The firm has a market capitalization of $456.29 million, a PE ratio of 12.35 and a beta of 0.47.

Westaim (OTCMKTS:WEDXF) last announced its earnings results on Tuesday, August 13th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $3.51 million during the quarter. Westaim had a return on equity of 7.73% 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.