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

Research Frontiers Incorporated (NASDAQ:REFR) saw a significant increase in short interest during 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. Approximately 3.1% of the shares of the stock are short sold. Based on an average trading volume of 9,103,890 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Research Frontiers stock. BlackRock Inc. acquired a new stake in Research Frontiers Incorporated (NASDAQ:REFR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 532,542 shares of the technology company’s stock, valued at approximately $277,000. BlackRock Inc. owned 1.53% of Research Frontiers as of its most recent SEC filing. Institutional investors own 11.91% of the company’s stock.

Research Frontiers Price Performance

Research Frontiers stock traded up $0.04 during mid-day trading on Wednesday, hitting $0.63. 127,083 shares of the company were exchanged, compared to its average volume of 569,536. The business’s 50 day simple moving average is $0.53 and its two-hundred day simple moving average is $0.65. The company has a market capitalization of $21.96 million, a P/E ratio of -9.00 and a beta of 0.59. Research Frontiers has a 12-month low of $0.34 and a 12-month high of $2.70.

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

Analyst Upgrades and Downgrades

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