A Reversal for Resonant Incorporated (NASDAQ:RESN) Is Not Near. The Stock Has Rise in Shorts

February 18, 2018 - By Migdalia James

 A Reversal for Resonant Incorporated (NASDAQ:RESN) Is Not Near. The Stock Has Rise in Shorts

Investors sentiment increased to 1.5 in 2017 Q3. Its up 0.25, from 1.25 in 2017Q2. It improved, as 2 investors sold Resonant Inc. shares while 2 reduced holdings. 3 funds opened positions while 3 raised stakes. 761,163 shares or 11.68% more from 681,539 shares in 2017Q2 were reported.
Millennium Mngmt Ltd Company has 0% invested in Resonant Inc. (NASDAQ:RESN). Concert Wealth accumulated 348,202 shares. Leisure Cap holds 63,452 shares. Highland Mngmt Ltd Llc invested in 0% or 10,439 shares. Next Fincl has invested 0% of its portfolio in Resonant Inc. (NASDAQ:RESN). Goldman Sachs Group accumulated 15,593 shares or 0% of the stock. Ontario – Canada-based Royal Comml Bank Of Canada has invested 0% in Resonant Inc. (NASDAQ:RESN). Geode Mgmt Ltd Liability Corp reported 17,518 shares. Stifel Finance has 31,000 shares for 0% of their portfolio. Vanguard Group, a Pennsylvania-based fund reported 213,053 shares. Wells Fargo And Communication Mn owns 3,900 shares. Blackrock has invested 0% in Resonant Inc. (NASDAQ:RESN).

Since October 2, 2017, it had 0 insider buys, and 5 selling transactions for $191,036 activity. $22,290 worth of Resonant Inc. (NASDAQ:RESN) was sold by Killian Jeffrey A. $39,691 worth of Resonant Inc. (NASDAQ:RESN) was sold by Holmes George B. Fenzi Neal sold 3,382 shares worth $25,128.

The stock of Resonant Incorporated (NASDAQ:RESN) registered an increase of 18.22% in short interest. RESN’s total short interest was 671,700 shares in February as published by FINRA. Its up 18.22% from 568,200 shares, reported previously. With 494,500 shares average volume, it will take short sellers 1 days to cover their RESN’s short positions. The short interest to Resonant Incorporated’s float is 8.16%.

The stock decreased 0.63% or $0.03 during the last trading session, reaching $4.71. About 44,951 shares traded. Resonant Inc. (NASDAQ:RESN) has risen 10.81% since February 18, 2017 and is uptrending. It has underperformed by 5.89% the S&P500.

Resonant Inc., a late-stage development company, creates software tools, and intellectual property and licensable blocks that enable the development of filter creates for radio frequency front-ends used in the mobile device industry in the United States. The company has market cap of $79.05 million. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters. It currently has negative earnings. The firm develops duplexer, a single-band filter design for mobile devices; and multiplexer filter creates for two or more bands to address the carrier aggregation, as well as reconfigurable filter creates for various RF frequency bands.

Resonant Inc. (NASDAQ:RESN) Ratings Coverage

Among 2 analysts covering Resonant (NASDAQ:RESN), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Resonant had 10 analyst reports since October 20, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, June 23 by H.C. Wainwright. Drexel Hamilton maintained Resonant Inc. (NASDAQ:RESN) rating on Friday, June 23. Drexel Hamilton has “Buy” rating and $800 target. The firm has “Buy” rating given on Monday, June 12 by H.C. Wainwright. As per Monday, February 12, the company rating was maintained by H.C. Wainwright. H.C. Wainwright maintained the shares of RESN in report on Thursday, August 10 with “Buy” rating. The stock of Resonant Inc. (NASDAQ:RESN) has “Buy” rating given on Thursday, August 10 by Drexel Hamilton. The company was initiated on Tuesday, October 20 by Drexel Hamilton. The firm has “Buy” rating given on Thursday, November 9 by Drexel Hamilton. The firm earned “Buy” rating on Thursday, November 9 by H.C. Wainwright. As per Monday, January 22, the company rating was maintained by H.C. Wainwright.

More notable recent Resonant Inc. (NASDAQ:RESN) news were published by: Businesswire.com which released: “Park City Capital Announces Proxy Contest at Resonant Inc. to Maximize Value …” on October 06, 2017, also Marketwired.com with their article: “Resonant Expands Relationship with its Largest Tier 1 Customer” published on February 08, 2018, Prnewswire.com published: “NTT Resonant Announces Release of Role-Playing Game “RagnaQuest,” Now …” on December 08, 2017. More interesting news about Resonant Inc. (NASDAQ:RESN) were released by: Marketwired.com and their article: “Resonant Announces Availability of Full-Band, Band 41 TDD Filter Available as …” published on October 31, 2017 as well as Seekingalpha.com‘s news article titled: “Resonant’s (RESN) CEO George Holmes on Q3 2017 Results – Earnings Call Transcript” with publication date: November 10, 2017.

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