Short Interest in Westaim Corp. (OTCMKTS:WEDXF) Decreases By 17.2%

Westaim Corp. (OTCMKTS:WEDXF) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 35,374 shares, a drop of 17.2% from the February 26th total of 42,746 shares. Based on an average trading volume of 11,958 shares, the short-interest ratio is currently 3.0 days. Approximately 0.1% of the shares of the stock are sold short.

Westaim Price Performance

Shares of OTCMKTS WEDXF opened at $17.09 on Wednesday. The business has a fifty day moving average price of $17.83 and a two-hundred day moving average price of $18.30. The stock has a market capitalization of $570.46 million, a PE ratio of -13.56 and a beta of 0.20. Westaim has a fifty-two week low of $15.50 and a fifty-two week high of $24.01.

Westaim (OTCMKTS:WEDXF) last released its earnings results on Thursday, March 26th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.42). Westaim had a negative return on equity of 6.15% and a negative net margin of 77.37%.The company had revenue of $20.80 million for the quarter, compared to analyst estimates of $1.78 million.

About Westaim

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.