Research Frontiers Incorporated (NASDAQ:REFR) Sees Significant Increase in Short Interest

Research Frontiers Incorporated (NASDAQ:REFR) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,022,632 shares, an increase of 162.4% from the September 15th total of 389,783 shares. Based on an average trading volume of 9,103,890 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.1% of the shares of the company are sold short.

Research Frontiers Stock Performance

Shares of NASDAQ:REFR traded up $0.02 on Tuesday, hitting $0.59. The company’s stock had a trading volume of 136,350 shares, compared to its average volume of 571,794. Research Frontiers has a 12 month low of $0.34 and a 12 month high of $2.70. The company has a market capitalization of $20.64 million, a price-to-earnings ratio of -8.45 and a beta of 0.59. The stock’s 50-day moving average is $0.53 and its two-hundred day moving average is $0.66.

Research Frontiers (NASDAQ:REFR) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported ($0.02) earnings per share for the quarter. The company had revenue of $0.09 million for the quarter. Research Frontiers had a negative net margin of 344.56% and a negative return on equity of 168.54%.

Institutional Trading of Research Frontiers

An institutional investor recently bought a new stake in Research Frontiers stock. BlackRock Inc. acquired a new stake in Research Frontiers Incorporated (NASDAQ:REFR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 532,542 shares of the technology company’s stock, valued at approximately $277,000. BlackRock Inc. owned approximately 1.53% of Research Frontiers at the end of the most recent reporting period. 11.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Research Frontiers in a research report on Monday, September 21st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Research Frontiers Company Profile

Research Frontiers, Inc develops and licenses light-control technology for electronically tintable glass and other transparent materials. Its principal technology, known as Suspended Particle Device (SPD) technology, uses electrically controlled particles to adjust the amount of light passing through a window or panel. This allows users to change transparency, glare, heat, and solar-energy transmission.

The company licenses its SPD-SmartGlass technology, patents, and related know-how to manufacturers and commercial partners rather than primarily producing finished products itself.