Quarterhill Inc. (OTCMKTS:QTRHF) Short Interest Update

Quarterhill Inc. (OTCMKTS:QTRHFGet Rating) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 86,900 shares, an increase of 42.5% from the March 15th total of 61,000 shares. Based on an average trading volume of 32,600 shares, the short-interest ratio is currently 2.7 days.

A number of research analysts have recently commented on QTRHF shares. Canaccord Genuity Group decreased their price objective on shares of Quarterhill from C$3.25 to C$2.75 and set a “buy” rating for the company in a research report on Tuesday, March 22nd. Raymond James reduced their target price on shares of Quarterhill from C$3.80 to C$3.25 in a report on Tuesday, March 22nd. Finally, CIBC reduced their target price on shares of Quarterhill from C$4.00 to C$3.50 in a report on Tuesday, March 22nd.

Quarterhill stock traded down $0.01 during midday trading on Friday, hitting $1.94. The company’s stock had a trading volume of 2,000 shares, compared to its average volume of 16,318. Quarterhill has a 1-year low of $1.58 and a 1-year high of $2.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.87 and a quick ratio of 2.63. The company has a 50-day moving average price of $1.80 and a two-hundred day moving average price of $1.99. The company has a market cap of $221.06 million, a price-to-earnings ratio of -12.13 and a beta of 0.51.

The firm also recently disclosed a dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, March 18th were paid a $0.0098 dividend. This represents a yield of 2.44%. The ex-dividend date of this dividend was Thursday, March 17th. Quarterhill’s dividend payout ratio (DPR) is -25.00%.

Quarterhill Company Profile (Get Rating)

Quarterhill Inc operates in the intelligent transportation system and intellectual property licensing industries worldwide. Its Licensing segment includes patents relating to wireless communications, memory interface technologies, semiconductor manufacturing and packaging technologies, wired connectivity, automotive applications, computer gaming, intelligent personal assistant technologies, enhanced image processing, streaming video technologies, non-volatile Flash memory, DRAM and other memory technologies, and semiconductor analog circuitry technologies.

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