Westell Technologies, Inc. (OTCMKTS:WSTL) Short Interest Up 87.9% in April

Westell Technologies, Inc. (OTCMKTS:WSTL) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 10,124 shares, a growth of 87.9% from the April 15th total of 5,388 shares. Based on an average daily trading volume, of 11,633 shares, the short-interest ratio is presently 0.9 days. Approximately 0.1% of the company’s shares are short sold.

Westell Technologies Stock Performance

Shares of OTCMKTS WSTL opened at $7.49 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.99 and a current ratio of 5.05. The business’s 50 day moving average price is $6.08 and its 200-day moving average price is $6.00. Westell Technologies has a fifty-two week low of $1.92 and a fifty-two week high of $7.51. The company has a market cap of $118.46 million, a price-to-earnings ratio of -13.37 and a beta of 0.97.

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.