Research Frontiers Incorporated (NASDAQ:REFR) Sees Large Decline in Short Interest

Research Frontiers Incorporated (NASDAQ:REFR) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 591,379 shares, a decline of 42.2% from the September 30th total of 1,022,632 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily volume of 152,485 shares, the days-to-cover ratio is presently 3.9 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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, Research Frontiers has an average rating of “Sell”.

Institutional Investors Weigh In On Research Frontiers

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

Research Frontiers Stock Down 7.9%

Shares of Research Frontiers stock traded down $0.03 during trading hours on Friday, reaching $0.35. 200,288 shares of the company’s stock were exchanged, compared to its average volume of 112,405. The company has a market capitalization of $12.21 million, a P/E ratio of -5.00 and a beta of 0.59. The business has a fifty day moving average of $0.54 and a two-hundred day moving average of $0.75. Research Frontiers has a 1 year low of $0.34 and a 1 year high of $2.10.

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

Research Frontiers Company Profile

Research Frontiers, Inc (NASDAQ: REFR) develops and licenses technology for electronically controlled glass and other light-control products. Its principal technology, known as SPD-SmartGlass, uses suspended particles to regulate the amount of light passing through a window or panel. The technology can be used to provide variable tinting, glare control, solar heat management and privacy.

Research Frontiers generally operates as a licensing and technology-development company rather than as a manufacturer of finished glass products.