Short Interest in Wi-LAN Inc (OTCMKTS:QTRHF) Rises By 68.5%

Wi-LAN Inc (OTCMKTS:QTRHF) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 814,583 shares, an increase of 68.5% from the August 15th total of 483,487 shares. Based on an average daily trading volume, of 65,824 shares, the days-to-cover ratio is presently 12.4 days. Approximately 0.7% of the company’s shares are short sold.

Wi-LAN Stock Performance

OTCMKTS QTRHF opened at $1.90 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.94. The stock’s fifty day moving average is $1.95 and its two-hundred day moving average is $1.43. The firm has a market capitalization of $230.70 million, a P/E ratio of -4.52 and a beta of 1.11. Wi-LAN has a fifty-two week low of $0.64 and a fifty-two week high of $2.36.

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.