Wi-LAN Inc (OTCMKTS:QTRHF) Short Interest Down 43.1% in May

Wi-LAN Inc (OTCMKTS:QTRHF) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 613,945 shares, a drop of 43.1% from the April 30th total of 1,079,092 shares. Based on an average daily trading volume, of 87,897 shares, the short-interest ratio is presently 7.0 days. Approximately 0.5% of the shares of the stock are short sold.

Wi-LAN Trading Down 2.4%

Shares of QTRHF stock opened at $1.43 on Thursday. 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 52-week low of $0.64 and a 52-week high of $1.57. The company has a market capitalization of $171.33 million, a PE ratio of -3.34 and a beta of 1.17. The business’s fifty day moving average is $1.13 and its 200 day moving average is $0.85.

Wi-LAN (OTCMKTS:QTRHF) last issued 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 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.