Research Frontiers Incorporated (NASDAQ:REFR) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,350,000 shares, a growth of 24.3% from the March 31st total of 1,890,000 shares. Approximately 9.1% of the shares of the company are sold short. Based on an average trading volume of 242,900 shares, the days-to-cover ratio is presently 9.7 days.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Advisors LLC acquired a new stake in shares of Research Frontiers during the fourth quarter worth $39,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Research Frontiers by 46.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 15,402 shares of the technology company’s stock valued at $43,000 after acquiring an additional 4,902 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Research Frontiers in the third quarter valued at $42,000. NorthRock Partners LLC purchased a new position in shares of Research Frontiers in the fourth quarter valued at $84,000. Finally, Virtu Financial LLC purchased a new position in shares of Research Frontiers in the fourth quarter valued at $94,000. 16.94% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ REFR traded up $0.03 during mid-day trading on Tuesday, hitting $2.61. 150,222 shares of the company were exchanged, compared to its average volume of 273,399. The stock has a 50 day simple moving average of $2.87 and a 200-day simple moving average of $3.28. Research Frontiers has a 1-year low of $2.01 and a 1-year high of $5.70. The firm has a market cap of $82.61 million, a price-to-earnings ratio of -32.25 and a beta of 1.17.

Research Frontiers Company Profile

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.

See Also: Initial Public Offering (IPO)

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