WESTAIM CORPORATION THE (OTCMKTS:WEDXF) Shorted Shares Increased By 56.79%

The stock of WESTAIM CORPORATION THE (OTCMKTS:WEDXF) registered an increase of 56.79% in short interest. WEDXF’s total short interest was 113,200 shares in September as published by FINRA. Its up 56.79% from 72,200 shares, reported previously. With 3,300 shares average volume, it will take short sellers 34 days to cover their WEDXF’s short positions. The stock closed at $2 during the last session. It is down 9.29% since February 25, 2016 and is uptrending. It has underperformed by 1.97% the S&P500.

The Westaim Corporation is a Canada investment company. The company has a market cap of $291.31 million. The Firm is engaged in providing long-term capital to businesses operating primarily within the global financial services industry. It has a 222.22 P/E ratio. The Firm invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation.

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