RF Industries, Ltd. (NASDAQ:RFIL) Sees Significant Increase in Short Interest

RF Industries, Ltd. (NASDAQ:RFIL) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 70,000 shares, an increase of 614.3% from the January 15th total of 9,800 shares. Based on an average trading volume of 29,200 shares, the short-interest ratio is currently 2.4 days. Currently, 0.9% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of RF Industries in a report on Thursday, February 6th. They issued a “hold” rating on the stock.

RF Industries Stock Down 2.7 %

Shares of NASDAQ RFIL traded down $0.15 during midday trading on Wednesday, hitting $5.46. 22,480 shares of the company’s stock were exchanged, compared to its average volume of 54,853. The firm has a market capitalization of $57.55 million, a PE ratio of -8.67 and a beta of 1.01. RF Industries has a 12 month low of $2.86 and a 12 month high of $5.77. The company’s 50 day moving average price is $4.28 and its 200 day moving average price is $4.04.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings data on Thursday, January 16th. The electronics maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). RF Industries had a negative return on equity of 3.06% and a negative net margin of 10.18%. On average, equities research analysts anticipate that RF Industries will post 0.11 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC raised its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,846 shares of the electronics maker’s stock after acquiring an additional 9,863 shares during the period. Geode Capital Management LLC owned approximately 0.80% of RF Industries worth $342,000 at the end of the most recent quarter. 23.49% of the stock is owned by institutional investors.

RF Industries Company Profile

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Italy, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly, and Custom Cabling Manufacturing and Assembly.