Westell Technologies, Inc. (OTCMKTS:WSTL) Shares Shorted: Short Interest Up 64.3% in October

Westell Technologies, Inc. (OTCMKTS:WSTL) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 8,918 shares, a growth of 64.3% from the September 30th total of 5,429 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 6,716 shares, the days-to-cover ratio is presently 1.3 days.

Westell Technologies Stock Performance

Westell Technologies stock opened at $6.20 on Wednesday. The company has a current ratio of 5.05, a quick ratio of 3.99 and a debt-to-equity ratio of 0.03. Westell Technologies has a 1 year low of $4.65 and a 1 year high of $7.96. The company has a market cap of $98.06 million, a PE ratio of -11.07 and a beta of 0.97. The company’s 50-day moving average is $6.09 and its two-hundred day moving average is $6.42.

Westell Technologies Company Profile

Westell Technologies, Inc is a telecommunications equipment company that develops and supplies infrastructure solutions for wireless and broadband communications networks. Its offerings have included products designed to improve network coverage, capacity, reliability and operational efficiency for communications service providers and other network operators.

The company’s wireless portfolio has included distributed antenna system and small-cell solutions for in-building coverage, as well as cell-site optimization products such as tower-mounted amplifiers, filters, combiners and related radio-frequency equipment.