Short Interest in The Westaim Co. (OTCMKTS:WEDXF) Expands By 75.0%

The Westaim Co. (OTCMKTS:WEDXF) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 13,300 shares, a growth of 75.0% from the May 15th total of 7,600 shares. Based on an average daily volume of 5,000 shares, the short-interest ratio is presently 2.7 days. Approximately 0.1% of the shares of the stock are sold short.

Westaim Stock Performance

WEDXF stock opened at $23.59 on Tuesday. The stock’s 50 day moving average price is $22.75 and its 200 day moving average price is $18.97. The firm has a market cap of $791.71 million, a P/E ratio of 13.56 and a beta of 0.24. Westaim has a 1 year low of $16.62 and a 1 year high of $25.98.

Westaim (OTCMKTS:WEDXF) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.31). The company had revenue of ($4.70) million during the quarter, compared to analysts’ expectations of $1.34 million. Westaim had a net margin of 284.74% and a return on equity of 7.76%.

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.