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

RF Industries, Ltd. (NASDAQ:RFIL) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 70,000 shares, a growth 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 presently 2.4 days. Currently, 0.9% of the shares of the company are short sold.

RF Industries Price Performance

NASDAQ:RFIL traded down $0.15 during trading hours on Wednesday, reaching $5.46. 22,480 shares of the company were exchanged, compared to its average volume of 54,853. The business has a 50 day moving average of $4.28 and a 200 day moving average of $4.04. RF Industries has a 1-year low of $2.86 and a 1-year high of $5.77. The company has a market capitalization of $57.55 million, a P/E ratio of -8.67 and a beta of 1.01.

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

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC lifted 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 13F filing with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission. 23.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

About RF Industries

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.