Rafael Holdings, Inc. (NYSE:RFL - Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 407,000 shares, a decline of 58.6% from the May 15th total of 983,700 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 158,800 shares, the days-to-cover ratio is currently 2.6 days.
Insiders Place Their Bets
In other Rafael news, CEO Howard S. Jonas acquired 13,080,457 shares of Rafael stock in a transaction that occurred on Thursday, June 5th. The shares were bought at an average price of $1.28 per share, with a total value of $16,742,984.96. Following the completion of the purchase, the chief executive officer now directly owns 12,299,207 shares in the company, valued at $15,742,984.96. This trade represents a -1,674.30% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 10.20% of the company's stock.
Institutional Trading of Rafael
Institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new stake in Rafael during the first quarter valued at $26,000. Geode Capital Management LLC raised its holdings in shares of Rafael by 17.9% during the fourth quarter. Geode Capital Management LLC now owns 174,561 shares of the company's stock valued at $288,000 after purchasing an additional 26,493 shares during the period. Finally, Ieq Capital LLC acquired a new position in shares of Rafael during the first quarter valued at about $447,000. Institutional investors own 11.30% of the company's stock.
Rafael Price Performance
Shares of Rafael stock traded down $0.14 during trading on Friday, hitting $2.06. The company's stock had a trading volume of 296,776 shares, compared to its average volume of 73,577. Rafael has a 52 week low of $1.28 and a 52 week high of $3.19. The stock has a market cap of $51.32 million, a price-to-earnings ratio of -1.23 and a beta of 0.91. The stock has a 50-day moving average price of $1.61 and a two-hundred day moving average price of $1.81.
Rafael (NYSE:RFL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The company reported ($0.19) earnings per share for the quarter. Rafael had a negative return on equity of 53.71% and a negative net margin of 5,707.03%. The business had revenue of $0.36 million during the quarter.
Rafael Company Profile
(
Get Free Report)
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.
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