Research Frontiers Incorporated (NASDAQ:REFR – Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 591,379 shares, a drop of 42.2% from the September 30th total of 1,022,632 shares. Based on an average daily trading volume, of 152,485 shares, the days-to-cover ratio is currently 3.9 days. Approximately 1.8% of the shares of the company are short sold.
Institutional Trading of Research Frontiers
A hedge fund recently bought a new position in Research Frontiers stock. BlackRock Inc. acquired a new stake in shares of Research Frontiers Incorporated (NASDAQ:REFR – Free Report) in the 2nd quarter, according to its most recent 13F filing with the 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 at the end of the most recent quarter. 11.91% of the stock is owned by institutional investors.
Research Frontiers Price Performance
Shares of REFR traded up $0.01 during midday trading on Monday, hitting $0.36. The stock had a trading volume of 108,727 shares, compared to its average volume of 539,937. The firm has a market cap of $12.57 million, a PE ratio of -5.15 and a beta of 0.75. Research Frontiers has a 1 year low of $0.34 and a 1 year high of $2.10. The stock’s 50 day moving average is $0.54 and its 200 day moving average is $0.75.
Research Frontiers (NASDAQ:REFR – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $0.09 million for the quarter. Research Frontiers had a negative net margin of 344.56% and a negative return on equity of 168.54%.
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 equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.
View Our Latest Research Report on REFR
About Research Frontiers
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.
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