Westell Technologies Inc. (NASDAQ:WSTL) saw a large growth in short interest during the month of February. As of February 14th, there was short interest totalling 18,500 shares, a growth of 71.3% from the January 30th total of 10,800 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 42,600 shares, the short-interest ratio is currently 0.4 days.
An institutional investor recently raised its position in Westell Technologies stock. Renaissance Technologies LLC raised its stake in Westell Technologies Inc. (NASDAQ:WSTL) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 952,506 shares of the communications equipment provider’s stock after purchasing an additional 20,400 shares during the quarter. Renaissance Technologies LLC owned 6.07% of Westell Technologies worth $852,000 at the end of the most recent reporting period. 11.59% of the stock is owned by institutional investors and hedge funds.
WSTL stock traded up $0.03 during trading on Wednesday, hitting $0.96. The company had a trading volume of 5,813 shares, compared to its average volume of 33,237. The firm has a market cap of $15.08 million, a PE ratio of -0.97 and a beta of 1.12. Westell Technologies has a 1-year low of $0.81 and a 1-year high of $2.27. The firm has a 50-day moving average price of $1.04 and a 200-day moving average price of $1.17.
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 and Services (ISMS), and Communications Network Solutions (CNS).
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