Wi-LAN Inc (OTCMKTS:QTRHF) Short Interest Update

Wi-LAN Inc (OTCMKTS:QTRHF) saw a large 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 sold short. Based on an average trading volume of 156,521 shares, the short-interest ratio is presently 4.2 days.

Wi-LAN Price Performance

Shares of QTRHF opened at $1.21 on Tuesday. 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 $1.57. The stock has a market cap of $145.66 million, a P/E ratio of -2.82 and a beta of 1.16. The stock’s 50-day moving average price is $1.25 and its two-hundred day moving average price is $0.93.

Wi-LAN (OTCMKTS:QTRHF) last posted its earnings results on Thursday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $38.61 million during the quarter, compared to analyst estimates of $37.28 million. Wi-LAN had a negative return on equity of 51.46% and a negative net margin of 32.08%.

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.