The Westaim Co. (OTCMKTS:WEDXF) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 45,900 shares, a growth of 23.1% from the August 15th total of 37,300 shares. Based on an average daily volume of 341,900 shares, the days-to-cover ratio is currently 0.1 days.
The Westaim stock opened at $2.12 on Wednesday. The company has a market capitalization of $302.94 million, a P/E ratio of 52.91 and a beta of 0.68. The firm’s fifty day simple moving average is $2.02 and its 200-day simple moving average is $2.13. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.12. The Westaim has a 1-year low of $1.64 and a 1-year high of $2.36.
The Westaim (OTCMKTS:WEDXF) last released its quarterly earnings results on Thursday, August 19th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $0.57 million for the quarter. The Westaim had a net margin of 265.70% and a return on equity of 7.91%.
The Westaim Corp. engages in the provision of long-term capital to businesses operating primarily within the global financial services industry. The firm invests, directly and indirectly, through acquisitions, joint ventures, and other arrangements. Its investments include Skyward Specialty and Arena.
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