Westell Technologies, Inc. (OTCMKTS:WSTL) Sees Significant Decline in Short Interest

Westell Technologies, Inc. (OTCMKTS:WSTL) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 5,411 shares, a drop of 36.9% from the July 30th total of 8,576 shares. Based on an average daily volume of 81,921 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Westell Technologies Trading Down 2.5%

Westell Technologies stock opened at $5.90 on Wednesday. The stock has a 50-day moving average price of $6.78 and a 200 day moving average price of $6.55. The company has a market capitalization of $93.31 million, a price-to-earnings ratio of -10.54 and a beta of 0.97. Westell Technologies has a 52 week low of $4.65 and a 52 week high of $7.96. The company has a quick ratio of 3.99, a current ratio of 5.05 and a debt-to-equity ratio of 0.03.

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.