RF Industries, Ltd. (NASDAQ:RFIL) Short Interest Update

RF Industries, Ltd. (NASDAQ:RFIL) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 25,200 shares, a growth of 37.7% from the October 15th total of 18,300 shares. Based on an average daily trading volume, of 15,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.3% of the shares of the stock are sold short.

Insider Buying and Selling at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth acquired 7,009 shares of the stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price of $4.00 per share, for a total transaction of $28,036.00. Following the completion of the transaction, the director now directly owns 91,953 shares of the company’s stock, valued at $367,812. This trade represents a 8.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought 29,844 shares of company stock worth $119,361 in the last quarter. 15.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP boosted its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 225,737 shares of the electronics maker’s stock after acquiring an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. 23.49% of the stock is currently owned by institutional investors.

RF Industries Stock Performance

RFIL stock traded down $0.05 during mid-day trading on Friday, reaching $4.01. 2,169 shares of the stock traded hands, compared to its average volume of 12,462. RF Industries has a one year low of $2.55 and a one year high of $4.65. The stock has a market capitalization of $42.06 million, a PE ratio of -5.81 and a beta of 0.99. The business has a 50-day moving average price of $3.98 and a two-hundred day moving average price of $3.68.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings results on Monday, September 16th. The electronics maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. The firm had revenue of $16.84 million for the quarter, compared to analysts’ expectations of $17.84 million. On average, equities analysts expect that RF Industries will post -0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on RFIL. B. Riley increased their price target on shares of RF Industries from $4.25 to $4.50 and gave the company a “buy” rating in a report on Tuesday, September 17th. StockNews.com initiated coverage on RF Industries in a research note on Sunday, November 10th. They issued a “hold” rating for the company.

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.