The Westaim Co. (OTCMKTS:WEDXF) Sees Significant Decline in Short Interest

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

Westaim Stock Down 1.3 %

Shares of WEDXF stock opened at $20.19 on Wednesday. The stock’s 50-day moving average price is $6.33 and its 200 day moving average price is $4.20. The stock has a market capitalization of $2.59 billion, a PE ratio of 69.62 and a beta of 0.45. Westaim has a 52-week low of $2.55 and a 52-week high of $3.73.

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.