Quarterhill Inc. (OTCMKTS:QTRHF) Short Interest Down 47.1% in May

Quarterhill Inc. (OTCMKTS:QTRHFGet Rating) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 101,700 shares, a drop of 47.1% from the April 30th total of 192,300 shares. Based on an average daily trading volume, of 68,600 shares, the short-interest ratio is presently 1.5 days.

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

QTRHF stock traded up $0.05 during midday trading on Friday, hitting $1.61. The stock had a trading volume of 10,249 shares, compared to its average volume of 22,513. The firm has a market cap of $183.76 million, a PE ratio of 7.32 and a beta of 0.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.87 and a quick ratio of 2.63. Quarterhill has a 12-month low of $1.53 and a 12-month high of $2.34. The company’s 50-day moving average price is $1.79 and its 200 day moving average price is $1.90.

Quarterhill (OTCMKTS:QTRHFGet Rating) last released its earnings results on Monday, March 21st. The company reported ($0.06) EPS for the quarter. The firm had revenue of $40.59 million during the quarter. Quarterhill had a return on equity of 16.52% and a net margin of 14.04%.

The business also recently declared 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 was Thursday, March 17th. This represents a dividend yield of 2.44%. Quarterhill’s dividend payout ratio (DPR) is presently 18.18%.

About Quarterhill (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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