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

by · The Markets Daily

Wi-LAN Inc (OTCMKTS:QTRHF – Get Free Report) 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. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 82,555 shares, the short-interest ratio is presently 3.6 days.

Wi-LAN Stock Down 0.8%

Shares of Wi-LAN stock traded down $0.01 on Monday, reaching $1.29. 75,470 shares of the company were exchanged, compared to its average volume of 36,644. Wi-LAN has a one year low of $0.64 and a one year high of $1.57. The company has a market capitalization of $154.12 million, a price-to-earnings ratio of -3.00 and a beta of 1.17. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $1.20 and a 200 day moving average of $0.88.

Wi-LAN (OTCMKTS:QTRHF – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $38.61 million for the quarter, compared to the consensus estimate of $37.28 million.

Wi-LAN Company Profile

(Get Free Report)

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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