Wi-LAN Inc (OTCMKTS:QTRHF) Short Interest Down 38.5% in July

Wi-LAN Inc (OTCMKTS:QTRHF) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 489,747 shares, a decrease of 38.5% from the July 15th total of 796,579 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 44,321 shares, the days-to-cover ratio is currently 11.0 days.

Wi-LAN Stock Up 4.1%

Shares of Wi-LAN stock opened at $2.31 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.86. The firm has a market cap of $280.27 million, a price-to-earnings ratio of -5.50 and a beta of 1.13. The stock has a 50-day simple moving average of $1.74 and a 200-day simple moving average of $1.24. Wi-LAN has a 52-week low of $0.64 and a 52-week high of $2.36.

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.