The Westaim Co. (OTCMKTS:WEDXF) Short Interest Up 75.0% in May

The Westaim Co. (OTCMKTS:WEDXF) was the recipient of a significant growth in short interest in 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. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is presently 2.7 days.

Westaim Trading Down 0.6%

Shares of OTCMKTS:WEDXF opened at $23.59 on Tuesday. The firm has a market cap of $791.71 million, a price-to-earnings ratio of 13.56 and a beta of 0.24. The stock’s 50-day moving average price is $22.75 and its two-hundred day moving average price is $18.97. Westaim has a 12-month low of $16.62 and a 12-month high of $25.98.

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

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.