Westaim Corp. (OTCMKTS:WEDXF) Short Interest Down 14.7% in January

Westaim Corp. (OTCMKTS:WEDXF) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 44,131 shares, a drop of 14.7% from the January 15th total of 51,742 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 12,122 shares, the short-interest ratio is presently 3.6 days. Based on an average daily volume of 12,122 shares, the short-interest ratio is presently 3.6 days. Approximately 0.1% of the company’s shares are sold short.

Westaim Price Performance

WEDXF stock opened at $18.13 on Tuesday. Westaim has a 1 year low of $15.50 and a 1 year high of $25.98. The firm has a 50-day moving average of $18.46 and a 200 day moving average of $19.01. The company has a market cap of $605.18 million, a P/E ratio of -10.73 and a beta of 0.19.

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.