Research Frontiers, Inc. (NASDAQ:REFR) Short Interest Up 7.1% in September
Research Frontiers, Inc. (NASDAQ:REFR) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 3,150,000 shares, a growth of 7.1% from the August 30th total of 2,940,000 shares. Based on an average daily volume of 291,900 shares, the days-to-cover ratio is presently 10.8 days. Approximately 13.1% of the shares of the stock are sold short.
Hedge funds have recently bought and sold shares of the company. B. Riley Wealth Management Inc. bought a new position in shares of Research Frontiers in the first quarter worth about $28,000. Wells Fargo & Company MN lifted its holdings in shares of Research Frontiers by 33.8% in the second quarter. Wells Fargo & Company MN now owns 26,101 shares of the technology company’s stock worth $87,000 after acquiring an additional 6,600 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Research Frontiers by 9.8% in the second quarter. BlackRock Inc. now owns 725,324 shares of the technology company’s stock worth $2,416,000 after acquiring an additional 64,767 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Research Frontiers by 55.4% in the second quarter. Vanguard Group Inc. now owns 852,340 shares of the technology company’s stock worth $2,838,000 after acquiring an additional 303,703 shares during the last quarter. 7.28% of the stock is owned by hedge funds and other institutional investors.
REFR traded down $0.01 on Thursday, hitting $2.93. 9 shares of the stock were exchanged, compared to its average volume of 133,336. Research Frontiers has a 12 month low of $1.10 and a 12 month high of $5.38. The business has a 50-day moving average of $3.74 and a two-hundred day moving average of $3.29. The company has a current ratio of 27.80, a quick ratio of 27.80 and a debt-to-equity ratio of 0.11.
Separately, ValuEngine cut shares of Research Frontiers from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.
About Research Frontiers
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.
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