Research Frontiers, Inc. (NASDAQ:REFR) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totalling 365,144 shares, a decrease of 38.3% from the May 31st total of 592,035 shares. Based on an average trading volume of 26,553 shares, the short-interest ratio is presently 13.8 days. Approximately 1.8% of the company’s stock are sold short.
Several brokerages have recently issued reports on REFR. ValuEngine raised Research Frontiers from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Westpark Capital reissued a “buy” rating and issued a $3.00 target price on shares of Research Frontiers in a research report on Friday, March 16th. Finally, Zacks Investment Research raised Research Frontiers from a “sell” rating to a “hold” rating in a research report on Tuesday, May 15th.
Research Frontiers opened at $0.82 on Friday, MarketBeat Ratings reports. Research Frontiers has a twelve month low of $0.60 and a twelve month high of $1.46. The company has a market cap of $20.09 million, a P/E ratio of -8.20 and a beta of -0.06.
Research Frontiers (NASDAQ:REFR) last posted its quarterly earnings data on Monday, May 14th. The technology company reported ($0.03) earnings per share for the quarter. Research Frontiers had a negative net margin of 145.67% and a negative return on equity of 73.63%. The company had revenue of $0.43 million for the quarter. equities analysts forecast that Research Frontiers will post -0.06 earnings per share for the current year.
A hedge fund recently bought a new stake in Research Frontiers stock. Anson Funds Management LP acquired a new stake in shares of Research Frontiers, Inc. (NASDAQ:REFR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 273,037 shares of the technology company’s stock, valued at approximately $284,000. Anson Funds Management LP owned approximately 1.14% of Research Frontiers as of its most recent SEC filing. 8.14% of the stock is owned by institutional investors and hedge funds.
About Research Frontiers
Research Frontiers Incorporated develops and markets technology and devices to control the flow of light in the United States. 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, lamination services, and electronics to power end-products incorporating the film, as well as the end-products, such as windows, skylights, and sunroofs.
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