Research Frontiers, Inc. (REFR) Sees Significant Decline in Short Interest

Research Frontiers, Inc. (NASDAQ:REFR) saw a large decrease in short interest during the month of September. As of September 14th, there was short interest totalling 344,075 shares, a decrease of 33.8% from the August 31st total of 519,766 shares. Based on an average daily trading volume, of 119,957 shares, the short-interest ratio is presently 2.9 days. Currently, 1.8% of the company’s stock are sold short.

In related news, insider Kevin Douglas purchased 163,044 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were bought at an average price of $0.92 per share, for a total transaction of $150,000.48. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gregory George Grimes sold 18,000 shares of the stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $1.72, for a total value of $30,960.00. Following the sale, the director now owns 177,128 shares in the company, valued at $304,660.16. The disclosure for this sale can be found here. Insiders purchased a total of 168,344 shares of company stock worth $154,415 in the last 90 days. 9.50% of the stock is currently owned by company insiders.

Research Frontiers stock traded down $0.04 during trading on Friday, reaching $1.70. The company had a trading volume of 31,740 shares, compared to its average volume of 66,253. Research Frontiers has a 52 week low of $0.60 and a 52 week high of $1.95. The stock has a market cap of $39.93 million, a P/E ratio of -17.00 and a beta of 0.15.

Research Frontiers (NASDAQ:REFR) last posted its quarterly earnings results on Monday, August 13th. The technology company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. The business had revenue of $0.33 million for the quarter, compared to analysts’ expectations of $0.48 million. Research Frontiers had a negative return on equity of 82.15% and a negative net margin of 153.12%. As a group, equities research analysts anticipate that Research Frontiers will post -0.07 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on REFR shares. Zacks Investment Research upgraded Research Frontiers from a “hold” rating to a “buy” rating and set a $1.00 price target on the stock in a research note on Tuesday, August 21st. Westpark Capital restated a “buy” rating and issued a $3.00 price target on shares of Research Frontiers in a research note on Thursday, August 16th.

Research Frontiers Company Profile

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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