Research Frontiers Incorporated (NASDAQ:REFR) Stock Short Interest Rises 162.4%

Research Frontiers Incorporated (NASDAQ:REFR) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 1,022,632 shares, a growth 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. Approximately 3.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Research Frontiers

A hedge fund recently bought a new position in Research Frontiers stock. BlackRock Inc. purchased a new stake in Research Frontiers Incorporated (NASDAQ:REFR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 reporting period. Hedge funds and other institutional investors own 11.91% of the company’s stock.

Analyst Ratings Changes

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

Research Frontiers Price Performance

Research Frontiers stock traded down $0.05 during mid-day trading on Monday, hitting $0.55. 74,104 shares of the company’s stock traded hands, compared to its average volume of 573,688. The firm has a 50 day simple moving average of $0.53 and a two-hundred day simple moving average of $0.66. Research Frontiers has a fifty-two week low of $0.34 and a fifty-two week high of $2.70. The stock has a market cap of $19.07 million, a price-to-earnings ratio of -7.83 and a beta of 0.59.

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 during the quarter. Research Frontiers had a negative net margin of 344.56% and a negative return on equity of 168.54%.

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.