Rafael Holdings, Inc. (NYSE:RFL) Sees Significant Drop in Short Interest

Key Points

• Rafael Holdings, Inc. saw a significant decrease in short interest, dropping by 67.8% in August, which equates to 62,500 shares as of August 15th.
• The company was upgraded from a "sell" rating to a "hold" rating by Wall Street Zen on August 10th, reflecting a change in analyst sentiment.
• CEO Howard S. Jonas made a major purchase of 13,080,457 shares at $1.28 each, indicating significant insider confidence in the company's future.

Rafael Holdings, Inc. (NYSE:RFL - Get Free Report) saw a significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 62,500 shares, adropof67.8% from the July 31st total of 194,200 shares. Based on an average daily trading volume, of 233,500 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 233,500 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Rafael

Hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in Rafael during the 1st quarter worth approximately $26,000. Simplex Trading LLC acquired a new stake in Rafael during the 2nd quarter worth approximately $32,000. Marshall Wace LLP acquired a new stake in Rafael during the 2nd quarter worth approximately $50,000. Americana Partners LLC acquired a new stake in Rafael during the 2nd quarter worth approximately $76,000. Finally, Cable Car Capital LP acquired a new stake in Rafael during the 2nd quarter worth approximately $173,000. 11.30% of the stock is owned by institutional investors and hedge funds.

Rafael Stock Performance

Shares of RFL remained flat at $1.45 during mid-day trading on Friday. The stock had a trading volume of 78,215 shares, compared to its average volume of 80,124. Rafael has a 52 week low of $1.28 and a 52 week high of $3.19. The stock has a market cap of $50.88 million, a PE ratio of -1.54 and a beta of 0.89. The business's fifty day moving average price is $1.78 and its 200-day moving average price is $1.74.

Rafael (NYSE:RFL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The company reported ($0.19) earnings per share for the quarter. The firm had revenue of $0.36 million for the quarter. Rafael had a negative return on equity of 24.75% and a negative net margin of 3,127.60%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Rafael from a "hold" rating to a "sell" rating in a research report on Friday.

Rafael Company Profile

Rafael Holdings, Inc primarily engages in holding interests in clinical and early-stage pharmaceutical companies, and commercial real estate assets in the United States and Israel. It operates in two segments, Healthcare and Real Estate. The company engages in the development and commercialization of therapies that exploit the metabolic differences between normal cells and cancer cells.