Wi-LAN Inc (OTCMKTS:QTRHF) Sees Significant Drop in Short Interest

Wi-LAN Inc (OTCMKTS:QTRHF) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 300,044 shares, a decline of 51.1% from the May 14th total of 613,945 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 82,555 shares, the days-to-cover ratio is currently 3.6 days.

Wi-LAN Stock Performance

QTRHF opened at $1.30 on Friday. The stock has a market cap of $155.31 million, a P/E ratio of -3.02 and a beta of 1.17. Wi-LAN has a 1 year low of $0.64 and a 1 year high of $1.57. The firm has a fifty day moving average price of $1.20 and a 200 day moving average price of $0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.87.

Wi-LAN (OTCMKTS:QTRHF) last announced its quarterly earnings data 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 net margin of 32.08% and a negative return on equity of 48.25%. The business had revenue of $38.61 million for the quarter, compared to analysts’ expectations 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.