Research Frontiers Incorporated (NASDAQ:REFR) Shares Shorted: Short Interest Down 42.2% in October

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

Research Frontiers Stock Performance

Shares of NASDAQ REFR traded down $0.03 during trading on Friday, hitting $0.35. 200,288 shares of the company traded hands, compared to its average volume of 112,405. Research Frontiers has a fifty-two week low of $0.34 and a fifty-two week high of $2.10. The business’s fifty day moving average is $0.54 and its 200 day moving average is $0.75. The firm has a market capitalization of $12.21 million, a price-to-earnings ratio of -5.00 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 (EPS) for the quarter. The firm 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%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Research Frontiers

An institutional investor recently bought a new stake in Research Frontiers stock. BlackRock Inc. purchased a new position in Research Frontiers Incorporated (NASDAQ:REFR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 532,542 shares of the technology company’s stock, valued at approximately $277,000. BlackRock Inc. owned approximately 1.53% of Research Frontiers as of its most recent SEC filing. 11.91% of the stock is currently owned by institutional investors.

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.