Quarterhill Inc. (OTCMKTS:QTRHF) Sees Significant Growth in Short Interest

Quarterhill Inc. (OTCMKTS:QTRHFGet Rating) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 192,300 shares, a growth of 69.4% from the April 15th total of 113,500 shares. Based on an average daily trading volume, of 46,600 shares, the days-to-cover ratio is presently 4.1 days.

QTRHF stock opened at $1.74 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.63 and a current ratio of 2.87. The business has a 50-day moving average price of $1.80 and a 200 day moving average price of $1.93. Quarterhill has a 1-year low of $1.58 and a 1-year high of $2.34.

Quarterhill (OTCMKTS:QTRHFGet Rating) last released its quarterly earnings data on Monday, March 21st. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $40.59 million during the quarter. Quarterhill had a negative net margin of 17.70% and a negative return on equity of 7.66%.

The company also recently announced a dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, March 18th were issued a $0.0098 dividend. The ex-dividend date of this dividend was Thursday, March 17th. This represents a yield of 2.44%. Quarterhill’s dividend payout ratio is presently 18.18%.

Several research analysts have commented on QTRHF shares. Canaccord Genuity Group lowered shares of Quarterhill from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$2.75 to C$2.50 in a research note on Thursday, April 21st. CIBC lowered their target price on shares of Quarterhill from C$4.00 to C$3.50 in a research note on Tuesday, March 22nd. Canaccord Genuity Group lowered shares of Quarterhill from a “speculative buy” rating to a “hold” rating in a research note on Thursday, April 21st. Finally, Raymond James lowered their target price on shares of Quarterhill from C$3.80 to C$3.25 in a research note on Tuesday, March 22nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $3.13.

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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