Westell Technologies Inc – Class A (NASDAQ:WSTL) Short Interest Increased By 25.68%

June 15, 2018 - By Marguerite Chambers

Westell Technologies, Inc. (NASDAQ:WSTL) Logo

The stock of Westell Technologies Inc – Class A (NASDAQ:WSTL) registered an increase of 25.68% in short interest. WSTL’s total short interest was 27,900 shares in June as published by FINRA. Its up 25.68% from 22,200 shares, reported previously. With 58,900 shares average volume, it will take short sellers 1 days to cover their WSTL’s short positions. The short interest to Westell Technologies Inc – Class A’s float is 0.3%.

The stock increased 2.85% or $0.08 during the last trading session, reaching $2.89. About 21,195 shares traded. Westell Technologies, Inc. (NASDAQ:WSTL) has risen 4.35% since June 15, 2017 and is uptrending. It has underperformed by 8.22% the S&P500.

Westell Technologies, Inc., through its subsidiary, Westell, Inc., creates and distributes telecommunications products to telephone companies in the United States. The company has market cap of $45.17 million. The firm operates through three divisions: In-Building Wireless , Intelligent Site Management and Services (ISMS), and Communications Network Solutions (CNS). It has a 152.11 P/E ratio. The IBW segment offers distributed antenna systems conditioners; 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.

Another recent and important Westell Technologies, Inc. (NASDAQ:WSTL) news was published by Seekingalpha.com which published an article titled: “Westell Technologies, Inc. (WSTL) CEO Alfred John on Q4 2018 Results – Earnings Call Transcript” on May 24, 2018.

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