Wi-LAN Inc (OTCMKTS:QTRHF) Sees Large Decrease in Short Interest

Wi-LAN Inc (OTCMKTS:QTRHF) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 613,945 shares, a drop of 43.1% from the April 30th total of 1,079,092 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 87,897 shares, the short-interest ratio is presently 7.0 days.

Wi-LAN Stock Performance

Shares of Wi-LAN stock opened at $1.47 on Wednesday. The stock has a market cap of $175.62 million, a PE ratio of -3.42 and a beta of 1.17. The business has a fifty day simple moving average of $1.10 and a 200-day simple moving average of $0.84. The company has a quick ratio of 0.87, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. Wi-LAN has a 12 month low of $0.64 and a 12 month high of $1.57.

Wi-LAN (OTCMKTS:QTRHF) last issued its earnings results on Thursday, May 14th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Wi-LAN had a negative return on equity of 48.25% and a negative net margin of 32.08%.The business had revenue of $38.61 million during the quarter, compared to analyst estimates of $37.28 million.

Wi-LAN Company Profile

Wi-LAN Inc, trading on the OTCMKTS as QTRHF, is a Canadian technology company specializing in licensing and monetizing intellectual property in the semiconductor and wireless communications sectors. Headquartered in Ottawa, Ontario, the company acquires, develops and licenses patents covering a range of technologies, with particular emphasis on standards-based innovations in cellular networking, Wi-Fi and Internet of Things (IoT) applications. Through patent sales and licensing agreements, Wi-LAN seeks to generate revenue from its extensive portfolio of proprietary technologies.

Originally founded in 1992, Wi-LAN has evolved its business model from technology development to intellectual property management and enforcement.