Rafael Holdings, Inc. (NYSE:RFL) Short Interest Down 67.8% in August

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) was the target of a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 62,500 shares, adeclineof67.8% from the July 31st total of 194,200 shares. Based on an average daily volume of 233,500 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 233,500 shares, the days-to-cover ratio is presently 0.3 days.

Rafael Stock Performance

Shares of RFL stock remained flat at $1.45 during trading hours on Friday. The stock had a trading volume of 78,215 shares, compared to its average volume of 81,435. Rafael has a 12-month low of $1.28 and a 12-month high of $3.19. The stock has a market cap of $50.88 million, a P/E ratio of -1.54 and a beta of 0.89. The stock's 50-day moving average price is $1.78 and its 200-day moving average price is $1.74.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

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

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.