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 during 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 days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the shares of the stock are sold short.

Westell Technologies Stock Performance

Shares of OTCMKTS:WSTL opened at $7.62 on Tuesday. The stock has a market capitalization of $120.49 million, a P/E ratio of -13.60 and a beta of 0.97. Westell Technologies has a 1-year low of $2.00 and a 1-year high of $7.63. The company has a current ratio of 5.05, a quick ratio of 3.99 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $6.14 and a two-hundred day moving average price of $6.01.

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.