Westaim Corp. (OTCMKTS:WEDXF) Sees Large Increase in Short Interest

Westaim Corp. (OTCMKTS:WEDXF) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 62,063 shares, a growth of 76.5% from the July 15th total of 35,167 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 7,084 shares, the days-to-cover ratio is currently 8.8 days.

Westaim Stock Performance

Westaim stock opened at $14.67 on Monday. The business’s 50 day simple moving average is $15.92 and its 200 day simple moving average is $16.97. Westaim has a 12 month low of $14.04 and a 12 month high of $21.66. The company has a market cap of $487.92 million, a price-to-earnings ratio of -7.64 and a beta of 0.21.

Westaim (OTCMKTS:WEDXF) last released its earnings results on Thursday, May 14th. The company reported ($1.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $13.56 million during the quarter, compared to analysts’ expectations 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.