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Quarterhill Inc T.QTRH

Alternate Symbol(s):  QTRHF | T.QTRH.DB

Quarterhill Inc. is a Canada-based company, which is engaged in providing of tolling and enforcement solutions in the intelligent transportation system (ITS) industry. The Company is focused on the acquisition, management and growth of companies that provide integrated, tolling and mobility systems and solutions to the ITS industry as well as its adjacent markets. The Company’s solutions include congestion charging, performance management, insights & analytics, analytics, toll interoperability, mobility marketplace, maintenance, e-screening, tire anomaly detection, multi-modal data, intersection management, and others. Its tolling includes roadside technologies, commerce and mobility platforms, audit and enforcement, and tolling services. Its safety and enforcement comprise commercial vehicles, automated enforcement, freight mobility, smart transportation, and data solutions. The Company’s wholly owned subsidiary is International Road Dynamics Inc.


TSX:QTRH - Post by User

Comment by cabbieJBJon Dec 07, 2023 2:51pm
286 Views
Post# 35773639

RE:RE:Short interest

RE:RE:Short interest Maxmoe, thanks.  Here's some added color for the board.  

QTRH's price was ~$2.85 when the debentures were issued.  I think you've offered the POV that the large short position does not support a short squeeze due to the belief that the shorts are tied to the debenture trade.  That's probably correct. 

57,500 x $1.000 face value debentures @ 6% interest, carrying a redemption price of $3.80, were issued 27-OCT-2021.  QTRH traded 933K on the TSX on 21-OCT, the day after the deal was announced, ~850K above the trading volume at that time.  From December 13 - 17, 1,521K traded on the TSX, ~1M above normal trading volumes. 

For the information of the board, the debentures are closed until 30-OCT-2024, but then can be redeemed at QTRH's sole option from 31-OCT-2024 and through 30-OCT-2025, provided the share price is above 125% of the redemption price of $3.80 (= $4.75).  From 31-OCT-2025 through maturity, the debentures can be redeemed at face value, again at QTRH's sole option.



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