Wi-LAN Inc (OTCMKTS:QTRHF – Get Free Report) was the recipient of a large growth in short interest in 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. Based on an average daily volume of 156,521 shares, the days-to-cover ratio is presently 4.2 days. Currently, 0.5% of the shares of the stock are sold short.
Wi-LAN Stock Performance
OTCMKTS:QTRHF opened at $1.68 on Wednesday. The company has a market capitalization of $203.10 million, a price-to-earnings ratio of -3.91 and a beta of 1.17. Wi-LAN has a 1-year low of $0.64 and a 1-year high of $1.75. The business has a 50 day moving average of $1.26 and a 200 day moving average of $0.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.86.
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 net margin of 32.08% and a negative return on equity of 51.46%. The business had revenue of $38.61 million during the quarter, compared to analysts’ expectations 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.
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