Research Frontiers, Inc. (NASDAQ:REFR) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 381,194 shares, a decrease of 37.2% from the February 15th total of 607,004 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 13,583 shares, the days-to-cover ratio is currently 28.1 days.
Separately, Zacks Investment Research upgraded Research Frontiers from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th.
A hedge fund recently bought a new stake in Research Frontiers stock. Anson Funds Management LP purchased a new stake in Research Frontiers, Inc. (NASDAQ:REFR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 273,037 shares of the technology company’s stock, valued at approximately $284,000. Anson Funds Management LP owned 1.14% of Research Frontiers at the end of the most recent reporting period. 16.18% of the stock is currently owned by hedge funds and other institutional investors.
Research Frontiers (NASDAQ:REFR) last announced its quarterly earnings results on Thursday, March 8th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Research Frontiers had a negative net margin of 160.08% and a negative return on equity of 68.58%. The company had revenue of $0.28 million during the quarter, compared to the consensus estimate of $0.50 million.
About Research Frontiers
Research Frontiers Incorporated (Research Frontiers) is engaged in the development and marketing of technology and devices to control the flow of light. The Company develops and licenses its patented suspended particle device (SPD-Smart) light-control technology to other companies that manufacture and market either the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, lamination services, electronics to power end-products incorporating the film, or the end-products themselves, such as smart windows, skylights and sunroofs.
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