Wi-LAN Inc (OTCMKTS:QTRHF – Get Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 814,583 shares, a growth of 68.5% from the August 15th total of 483,487 shares. Based on an average trading volume of 65,824 shares, the short-interest ratio is currently 12.4 days. Currently, 0.7% of the shares of the stock are short sold.
Wi-LAN Stock Performance
OTCMKTS:QTRHF opened at $1.90 on Friday. 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 12-month low of $0.64 and a 12-month high of $2.36. The stock has a 50-day moving average price of $1.96 and a 200 day moving average price of $1.44. The stock has a market capitalization of $231.12 million, a P/E ratio of -4.52 and a beta of 1.11.
About Wi-LAN
Wi-LAN is a Canadian intellectual property licensing company and a wholly owned subsidiary of Quarterhill Inc The business develops, acquires and licenses patents covering technologies used in wireless communications, digital television, consumer electronics and other technology markets.
Wi-LAN generates revenue primarily by negotiating licensing agreements with companies that use patented technologies in their products and services. It has also pursued patent enforcement and litigation when necessary to protect intellectual property rights.
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