Trading was heavy with 1,871K shares changing hands on Tuesday. Overall, volume was up 730.17% over the stocks normal daily volume.
Short traders are feeling a little more bearish on Resonant Inc Cmn Stk lately as shown by the increase in short interest. The company saw a rise in short interest from September 29, 2017 to October 13, 2017 of 5.02%. Short shares increased 26,981 over that period. The days to cover decreased to 12.0 and the percentage of shorted shares was 0.03% on October 13.
A few notable investment firms have updated their holdings. As of the end of the quarter Leisure Capital Management had sold 1,122 shares trimming its stake by 1.7%. The value of the company’s investment in Resonant Inc Cmn Stk decreased from $286,000 to $281,000 a change of 1.7% quarter to quarter. As of quarter end Stifel Financial Corp had acquired a total of 20,500 shares growing its holdings by 195.2%. The value of the total investment in Resonant Inc Cmn Stk went from $47,000 to $137,000 increasing 191.5% for the reporting period.
Royal Bank Of Canada bolstered its stake by buying 8 shares an increase of 800.0% as of 09/30/2017. Royal Bank Of Canada currently owns 9 shares with a value of $0. The value of the position overall is down by nan%. As of the end of the quarter UBS Group AG had bought 15,801 shares growing its position 79.0%. The value of the investment in (RESN) increased from $89,000 to $159,000 a change of $70,000 since the last quarter.
HC Wainwright updated its forecast on RESN stating a rating of “Buy” and setting a price target of $8.00. On September 18 HC Wainwright maintained a stock rating of “Buy” projecting a price of $8.00.
Equity analyst HC Wainwright released research on RESN with a rating of “Buy” and establishing a price target of $8.00. On November 1 analysts at HC Wainwright issued a report on RESN and giving a rating of “Buy” and a price target of $8.00.
November 9 investment analysts at HC Wainwright made no change to the company rating of “Buy” targeting a price of $8.00. On November 9 Drexel Hamilton held the company rating at “Buy” with a current price target of $8.00.
The company is now up from yesterday’s close of 5.8. The most current P/E ratio is N/A and the market cap is 98.85M. As of the latest earnings report the EPS was $-1.36 with 16.78M shares now outstanding.
Resonant Inc., launched on January 19, 2012, is a late-stage development company. The Company creates filter designs for radio frequency (RF) front-ends for the mobile device industry. The RF front-end is the circuitry in a mobile device for analog signal processing and is located between the device’s antenna and its digital baseband. The Company uses a technology called Infinite Synthesized Networks (ISN) to configure and connect resonators, the building blocks of RF filters. Filters are components of the RF front-end used to select desired radio frequency signals and reject unwanted signals. The Company uses ISN to develop new classes of filter designs. The Company is also developing a series of single-band surface acoustic wave (SAW) filter designs for frequency bands..