Westell Technologies, Inc. (OTCMKTS:WSTL – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 9,741 shares, a growth of 80.0% from the August 15th total of 5,411 shares. Based on an average daily trading volume, of 16,576 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are sold short.
Westell Technologies Price Performance
OTCMKTS WSTL opened at $6.20 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.05 and a quick ratio of 3.99. The stock’s fifty day moving average price is $6.54 and its 200 day moving average price is $6.57. 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 price-to-earnings ratio of -11.07 and a beta of 0.97.
About Westell Technologies
Westell Technologies, Inc develops and supplies infrastructure products and solutions for wireless communications networks. Its offerings have included small-cell systems, in-building wireless equipment, and intelligent site-management solutions designed to improve wireless coverage, capacity, monitoring, and network performance.
The company has served wireless carriers, communications infrastructure providers, enterprise customers, and other organizations that require reliable indoor and outdoor connectivity.
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