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

The Westaim Co. (OTCMKTS:WEDXF) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 14,500 shares, a drop 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 Stock Down 0.3 %

Shares of OTCMKTS:WEDXF opened at $20.15 on Thursday. The firm has a 50 day moving average of $10.01 and a 200 day moving average of $5.52. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 69.49 and a beta of 0.45. Westaim has a 52 week low of $2.55 and a 52 week high of $3.73.

Westaim (OTCMKTS:WEDXF) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter. Westaim had a return on equity of 7.76% and a net margin of 284.74%. The company had revenue of $6.59 million during the quarter.

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.