Westell Technologies Inc – Class A (NASDAQ:WSTL) Shorted Shares Increased By 25.68%

July 16, 2018 - By Margaret Guttierez

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 July 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 decreased 0.35% or $0.0099 during the last trading session, reaching $2.8201. About 10,820 shares traded. Westell Technologies, Inc. (NASDAQ:WSTL) has risen 4.35% since July 16, 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 $44.08 million. The firm operates through three divisions: In-Building Wireless , Intelligent Site Management and Services (ISMS), and Communications Network Solutions (CNS). It has a 1410.05 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 Nasdaq.com which published an article titled: “Westell to Host Fiscal 2019 First Quarter Earnings Call on August 2, 2018” on July 11, 2018.

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