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 the month of 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 company’s shares are sold short. Based on an average daily trading volume, of 82,555 shares, the days-to-cover ratio is presently 3.6 days.

Wi-LAN Trading Down 2.3%

QTRHF opened at $1.30 on Friday. The stock has a market capitalization of $155.31 million, a PE ratio of -3.02 and a beta of 1.17. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.87 and a current ratio of 0.96. Wi-LAN has a one year low of $0.64 and a one year high of $1.57. The business’s 50 day moving average price is $1.20 and its 200 day moving average price is $0.88.

Wi-LAN (OTCMKTS:QTRHF) last released 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 company had revenue of $38.61 million for 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.