Research Frontiers Incorporated (NASDAQ:REFR) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 2,350,000 shares, an increase of 24.3% from the March 31st total of 1,890,000 shares. Based on an average daily volume of 242,900 shares, the short-interest ratio is presently 9.7 days. Currently, 9.1% of the shares of the stock are short sold.
Shares of REFR traded up $0.03 during mid-day trading on Tuesday, reaching $2.61. The company had a trading volume of 150,222 shares, compared to its average volume of 273,399. The company’s 50 day simple moving average is $2.87 and its 200 day simple moving average is $3.28. Research Frontiers has a 1-year low of $2.01 and a 1-year high of $5.70. The company has a market capitalization of $82.61 million, a price-to-earnings ratio of -32.25 and a beta of 1.17.
Several institutional investors and hedge funds have recently bought and sold shares of REFR. Cetera Advisors LLC acquired a new stake in shares of Research Frontiers in the 4th quarter valued at approximately $39,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Research Frontiers in the 3rd quarter valued at approximately $42,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Research Frontiers by 46.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 15,402 shares of the technology company’s stock valued at $43,000 after purchasing an additional 4,902 shares in the last quarter. NorthRock Partners LLC acquired a new stake in shares of Research Frontiers in the 4th quarter valued at approximately $84,000. Finally, Virtu Financial LLC acquired a new stake in shares of Research Frontiers in the 4th quarter valued at approximately $94,000. Institutional investors own 16.94% of the company’s stock.
Research Frontiers Company Profile
Research Frontiers Incorporated develops and markets technology and devices to control the flow of light worldwide. The company develops and licenses suspended particle device (SPD-Smart) light-control technology to companies that manufacture and market the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, the light-control panels made by laminating the film, and electronics to power end-products incorporating the film, as well as lamination services for and the end-products, such as windows, skylights, and sunroofs.
Recommended Story: How does the Beige Book influence monetary policy?
Receive News & Ratings for Research Frontiers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Research Frontiers and related companies with MarketBeat.com's FREE daily email newsletter.