Westell Technologies, Inc. (OTCMKTS:WSTL) Stock Short Interest Report for October

Westell Technologies, Inc. (OTCMKTS:WSTL) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 8,918 shares, a growth of 64.3% from the September 30th total of 5,429 shares. Based on an average daily trading volume, of 6,716 shares, the short-interest ratio is currently 1.3 days. Approximately 0.1% of the company’s shares are sold short.

Westell Technologies Trading Up 6.2%

OTCMKTS:WSTL opened at $6.32 on Tuesday. Westell Technologies has a 52 week low of $4.65 and a 52 week high of $7.96. 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 firm’s fifty day moving average is $6.09 and its 200-day moving average is $6.42. The firm has a market cap of $99.96 million, a P/E ratio of -11.29 and a beta of 0.97.

About Westell Technologies

Westell Technologies, Inc is a telecommunications equipment company that develops and supplies infrastructure solutions for wireless and broadband communications networks. Its offerings have included products designed to improve network coverage, capacity, reliability and operational efficiency for communications service providers and other network operators.

The company’s wireless portfolio has included distributed antenna system and small-cell solutions for in-building coverage, as well as cell-site optimization products such as tower-mounted amplifiers, filters, combiners and related radio-frequency equipment.