Research Frontiers, Inc. (NASDAQ:REFR) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 370,839 shares, a decrease of 36.8% from the October 31st total of 586,633 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 37,242 shares, the short-interest ratio is currently 10.0 days.
REFR has been the topic of several research reports. Zacks Investment Research upgraded shares of Research Frontiers from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a report on Tuesday, August 21st. Westpark Capital restated a “buy” rating and set a $3.00 price objective on shares of Research Frontiers in a report on Thursday, August 16th.
NASDAQ REFR opened at $1.49 on Monday. Research Frontiers has a 1 year low of $0.60 and a 1 year high of $1.95. The firm has a market capitalization of $41.22 million, a PE ratio of -14.90 and a beta of 0.20.
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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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