Westaim Corp. (OTCMKTS:WEDXF – Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 62,063 shares, an increase of 76.5% from the July 15th total of 35,167 shares. Based on an average daily volume of 7,084 shares, the short-interest ratio is presently 8.8 days. Currently, 0.2% of the shares of the company are sold short.
Westaim Stock Performance
Shares of WEDXF stock opened at $14.67 on Monday. The stock has a market capitalization of $487.92 million, a P/E ratio of -7.64 and a beta of 0.21. The firm’s 50 day moving average is $15.92 and its 200 day moving average is $16.97. Westaim has a 12 month low of $14.04 and a 12 month high of $21.66.
Westaim (OTCMKTS:WEDXF – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($1.00) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.67). Westaim had a negative return on equity of 9.68% and a negative net margin of 108.56%.The business had revenue of $13.56 million during the quarter, compared to the consensus estimate of $14.70 million.
Westaim Company Profile
Westaim Corp. (OTCMKTS: WEDXF) is a Toronto-based investment firm focused on creating value through specialized credit, real estate and private equity strategies. The company operates as a capital allocator, partnering with experienced managers to deploy capital across a range of alternative asset classes. Westaim’s platform is designed to generate attractive risk-adjusted returns while maintaining a flexible mandate that can adapt to changing market conditions.
Through its private equity activities, Westaim invests alongside established sponsors in opportunities spanning leveraged buyouts, growth equity and carve-out transactions.
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