Wi-LAN Inc (OTCMKTS:QTRHF – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 654,746 shares, a growth of 118.2% from the May 31st total of 300,044 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 156,521 shares, the days-to-cover ratio is currently 4.2 days.
Wi-LAN Trading Down 0.2%
OTCMKTS:QTRHF opened at $1.68 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. Wi-LAN has a 1-year low of $0.64 and a 1-year high of $1.75. The firm has a market capitalization of $202.86 million, a price-to-earnings ratio of -3.91 and a beta of 1.14. The business’s 50-day moving average price is $1.27 and its two-hundred day moving average price is $0.94.
Wi-LAN (OTCMKTS:QTRHF – Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Wi-LAN had a negative return on equity of 51.46% and a negative net margin of 32.08%.The company had revenue of $38.61 million for the quarter, compared to analyst estimates of $37.28 million.
About Wi-LAN
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.
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