Short Interest in Westell Technologies, Inc. (OTCMKTS:WSTL) Decreases By 36.9%

Westell Technologies, Inc. (OTCMKTS:WSTL) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 5,411 shares, a decrease of 36.9% from the July 30th total of 8,576 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 81,921 shares, the days-to-cover ratio is presently 0.1 days.

Westell Technologies Price Performance

Shares of OTCMKTS WSTL opened at $6.05 on Tuesday. The company has a 50 day simple moving average of $6.80 and a two-hundred day simple moving average of $6.55. Westell Technologies has a fifty-two week low of $4.65 and a fifty-two week high of $7.96. The company has a market capitalization of $95.69 million, a price-to-earnings ratio of -10.80 and a beta of 0.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.99 and a current ratio of 5.05.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Westell Technologies stock. S&CO Inc. bought a new position in Westell Technologies, Inc. (OTCMKTS:WSTL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,821 shares of the communications equipment provider’s stock, valued at approximately $631,000. 10.94% of the stock is owned by hedge funds and other institutional investors.

About Westell Technologies

Westell Technologies, Inc, through its subsidiary, Westell, Inc, designs and distributes telecommunications products to telephone companies in the United States. The company operates through three segments: In-Building Wireless (IBW), Intelligent Site Management (ISM), and Communications Network Solutions (CNS). The IBW segment offers distributed antenna system conditioners; digital repeaters; battery backup units; and system components and antennas, including couplers, duplexers, splitters, filters, and tappers for commercial and public safety in-building wireless systems.