Resonant Inc (NASDAQ:RESN) was the recipient of a large growth in short interest during the month of December. As of December 29th, there was short interest totalling 1,101,482 shares, a growth of 28.1% from the December 15th total of 860,089 shares. Currently, 8.1% of the company’s stock are sold short. Based on an average trading volume of 274,109 shares, the days-to-cover ratio is presently 4.0 days.

Resonant (NASDAQ:RESN) opened at $6.79 on Wednesday. Resonant has a 52-week low of $3.82 and a 52-week high of $8.55. The stock has a market cap of $113.95, a PE ratio of -4.99 and a beta of 1.18.

Resonant (NASDAQ:RESN) last posted its quarterly earnings results on Wednesday, November 8th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.01. Resonant had a negative net margin of 2,772.35% and a negative return on equity of 150.45%. sell-side analysts forecast that Resonant will post -0.95 EPS for the current year.

A number of research analysts have recently issued reports on the stock. HC Wainwright set a $8.00 price target on shares of Resonant and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Drexel Hamilton restated a “buy” rating and issued a $8.00 price target on shares of Resonant in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Resonant from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Tuesday, November 21st. Finally, National Securities assumed coverage on shares of Resonant in a research report on Tuesday, December 5th. They issued a “buy” rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $8.70.

In other news, CFO Jeffrey A. Killian sold 5,623 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $7.43, for a total value of $41,778.89. Following the transaction, the chief financial officer now directly owns 52,073 shares in the company, valued at approximately $386,902.39. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Neal Fenzi sold 3,382 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $7.43, for a total transaction of $25,128.26. Following the completion of the transaction, the vice president now owns 379,626 shares in the company, valued at $2,820,621.18. The disclosure for this sale can be found here. Insiders have sold a total of 35,357 shares of company stock worth $252,980 over the last quarter. 22.30% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in Resonant stock. Westside Investment Management Inc. increased its position in Resonant Inc (NASDAQ:RESN) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,600 shares of the semiconductor company’s stock after acquiring an additional 1,250 shares during the period. Westside Investment Management Inc. owned approximately 0.30% of Resonant worth $217,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.15% of the company’s stock.

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About Resonant

Resonant Inc 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.

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