Research Frontiers Incorporated (NASDAQ:REFR) Shares Shorted: Short Interest Up 162.4% in September

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. Approximately 3.1% of the shares of the company are sold short. Based on an average trading volume of 9,103,890 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Research Frontiers

An institutional investor recently bought a new stake in Research Frontiers stock. BlackRock Inc. purchased a new position in shares of Research Frontiers Incorporated (NASDAQ:REFR) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 532,542 shares of the technology company’s stock, valued at approximately $277,000. BlackRock Inc. owned 1.53% of Research Frontiers at the end of the most recent quarter. Institutional investors and hedge funds own 11.91% of the company’s stock.

Research Frontiers Price Performance

NASDAQ:REFR traded down $0.05 during trading hours on Monday, reaching $0.55. 74,104 shares of the company were exchanged, compared to its average volume of 573,688. The business has a 50 day moving average of $0.53 and a 200 day moving average of $0.66. Research Frontiers has a 1-year low of $0.34 and a 1-year high of $2.70. The company has a market capitalization of $19.07 million, a P/E ratio of -7.83 and a beta of 0.59.

Research Frontiers (NASDAQ:REFR) last announced 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 during the quarter. Research Frontiers had a negative net margin of 344.56% and a negative return on equity of 168.54%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Research Frontiers in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Research Frontiers presently 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.