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

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

Westaim Stock Performance

WEDXF stock traded down $0.26 during trading on Tuesday, hitting $20.19. The stock had a trading volume of 5,336 shares, compared to its average volume of 40,719. Westaim has a 1-year low of $2.55 and a 1-year high of $3.73. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 69.62 and a beta of 0.45. The company’s 50 day moving average price is $6.00 and its two-hundred day moving average price is $4.08.

About Westaim

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.