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

Key Points

• Wi-LAN Inc experienced a 28.7% increase in short interest for August, with a total of 663,200 shares shorted as of August 15th, leading to a days-to-cover ratio of 93.4 days.
• The company reported a net loss of $0.06 EPS for the previous quarter, missing analysts' estimates, despite achieving revenue of $43.08 million, which surpassed predictions.
• Raymond James Financial has reaffirmed an "outperform" rating for Wi-LAN, with the consensus rating currently standing at "Buy" among analysts.

Wi-LAN Inc (OTCMKTS:QTRHF - Get Free Report) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 663,200 shares, an increase of 28.7% from the July 31st total of 515,200 shares. Based on an average trading volume of 7,100 shares, the short-interest ratio is presently 93.4 days. Based on an average trading volume of 7,100 shares, the short-interest ratio is presently 93.4 days.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial restated an "outperform" rating on shares of Wi-LAN in a report on Friday, May 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Wi-LAN Price Performance

QTRHF stock traded down $0.01 on Friday, reaching $0.84. The company had a trading volume of 2,800 shares, compared to its average volume of 6,166. Wi-LAN has a 1 year low of $0.78 and a 1 year high of $1.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 1.02. The company's fifty day moving average is $0.91 and its 200 day moving average is $0.99. The company has a market cap of $98.16 million, a P/E ratio of -4.94 and a beta of 0.90.

Wi-LAN (OTCMKTS:QTRHF - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03). Wi-LAN had a negative net margin of 12.38% and a negative return on equity of 14.97%. The company had revenue of $43.08 million during the quarter, compared to analysts' expectations of $40.68 million.

Wi-LAN Company Profile

Quarterhill Inc, together with its subsidiaries, operates in intelligent transportation system business in Canada and internationally. The company offers riteSuite, which offers mobility solutions, such as all-electronic tolling, dynamic pricing, agency interoperability, hosted mobility solutions, and machine learning; back-office solutions, which offers account management, customer service, violation processing, and technical services operations; roadside solutions, which offers onsite and remote maintenance and field operations services, including tolling facility support, lane equipment control, and cash management services; and international road dynamics products and services, which offers automated truck weigh stations, toll road systems and equipment, red light and speed enforcement systems, and traffic management and safety systems.