Westell Technologies Inc. sees large growth in short interest

Source: techknowbits.com

Westell Technologies Inc. (NASDAQ:WSTL) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 14,100 shares, an increase of 571.4% from the July 31st total of 2,100 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 29,800 shares, the days-to-cover ratio is presently 0.5 days. NASDAQ:WSTL opened at $1.31 on Friday.