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

The Westaim Co. (OTCMKTS:WEDXF) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 14,500 shares, a decline of 79.8% from the December 31st total of 71,900 shares. Based on an average trading volume of 93,700 shares, the days-to-cover ratio is presently 0.2 days.

Westaim Stock Down 0.3 %

WEDXF traded down $0.06 during trading hours on Wednesday, hitting $20.15. The stock had a trading volume of 2,066 shares, compared to its average volume of 40,719. The company’s fifty day simple moving average is $9.68 and its 200 day simple moving average is $5.42. The stock has a market cap of $2.58 billion, a PE ratio of 69.49 and a beta of 0.45. Westaim has a 1 year low of $2.55 and a 1 year high of $3.73.

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

About Westaim

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.