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

RF Industries, Ltd. (NASDAQ:RFIL) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 24,900 shares, a drop of 64.4% from the January 31st total of 70,000 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 31,700 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC grew its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,846 shares of the electronics maker’s stock after purchasing an additional 9,863 shares during the quarter. Geode Capital Management LLC owned approximately 0.80% of RF Industries worth $342,000 at the end of the most recent reporting period. 23.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on RF Industries in a research note on Sunday. They set a “hold” rating for the company.

RF Industries Price Performance

Shares of RFIL stock traded down $0.24 during trading hours on Friday, reaching $4.38. The company had a trading volume of 38,354 shares, compared to its average volume of 46,368. The company has a market cap of $46.18 million, a price-to-earnings ratio of -6.95 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 business has a fifty day simple moving average of $4.55 and a 200-day simple moving average of $4.16.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Thursday, January 16th. The electronics maker reported $0.02 EPS for the quarter, missing the consensus estimate 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%. On average, equities research analysts expect that RF Industries will post 0.11 earnings per share for the current year.

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.