33 /100
MEDIUM RISK
Score updated Jul 13, 2026

REFR — Research Frontiers Incorporated Dilution Risk Tracker

Track REFR dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of July 13, 2026, Research Frontiers Incorporated (REFR) has a DilutionWatch DilutionScore of 33/100, rated MEDIUM dilution risk. Research Frontiers Incorporated has a market capitalization of $26.85M, 34.87M shares outstanding, 37 institutional holders tracked. Key dilution vectors include approximately 19 months of cash runway.

Source: DilutionWatch (dilutionwatch.com) — data updated daily from SEC EDGAR filings. Not financial advice.

📊 Score Breakdown

📋 Offering Ability
40
💰 Cash Runway
25
📊 Float Risk
22
⚠️ Warrant Exposure
40
🔄Convertible Debt

🌦️ Dilution Forecast

🌥️
Advisory
Moderate dilution signals present
27%
🔄 Reverse Split 55%
• 50-day avg $0.88 below $1 exchange minimum
🔔 Track REFR — Get forecast alerts →

💹 Market Data

Market Cap$26.85M
Shares Outstanding34.87M
Float27.19M
Cash$3.78M
Debt$1.13M
Short InterestN/A

🏛 Institutional Holdings

QoQ: ↑ 9.9% shares (2026Q1 vs prior)
37 institutional holders · 4.42M shares
#1 VANGUARD CAPITAL MANAGEMENT LLC 1.14M shares
#2 MGO ONE SEVEN LLC 918.2K shares
#3 BlackRock, Inc. 608.4K shares
+ 17 more holders Sign up free to view →

📉 Short Interest

Short Interest321.6K
Days to Cover4.2
% of Float1.2%
FINRA data as of Jun 30, 2026

📁 Recent SEC Activity

xbrl XBRL WARRANT Dec 31, 2023
xbrl XBRL CONVERTIBLE Feb 16, 2018
Full SEC filing analysis available with free account

📰 Recent News

No recent news

📋 What This Means for REFR Shareholders

Research Frontiers Incorporated (REFR) has a DilutionScore of 33/100, rated Medium dilution risk. This tier indicates some dilution exposure — often an older shelf registration with remaining capacity, warrants not yet exercised, or a cash position that will require monitoring over the next several quarters. Score as of July 13, 2026.

DilutionWatch's EDGAR monitoring for REFR shows no major active dilution programs at this time. The primary risk categories — shelf registration capacity, ATM programs, warrant overhang, and cash runway — are each within normal ranges for a company of this profile. This can change quickly if a new S-3 or Form S-1 is filed.

DilutionWatch tracks over 25 SEC filing types for REFR in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for REFR alongside comparable medium-risk stocks. Not financial advice — this analysis is for informational purposes only.

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