Rafael Holdings, Inc. (NYSE:RFL) Short Interest Update

Rafael Holdings, Inc. (NYSE:RFL - Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 407,000 shares, a drop of 58.6% from the May 15th total of 983,700 shares. Approximately 1.8% of the company's stock are sold short. Based on an average trading volume of 158,800 shares, the short-interest ratio is currently 2.6 days.

Rafael Stock Performance

Rafael stock traded down $0.07 during midday trading on Tuesday, reaching $1.93. The stock had a trading volume of 127,424 shares, compared to its average volume of 75,024. Rafael has a 1-year low of $1.28 and a 1-year high of $3.19. The firm's fifty day simple moving average is $1.61 and its 200-day simple moving average is $1.81. The stock has a market capitalization of $48.08 million, a P/E ratio of -1.16 and a beta of 0.91.

Rafael (NYSE:RFL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The company reported ($0.19) EPS 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 for the quarter.

Insider Buying and Selling

In other news, CEO Howard S. Jonas bought 13,080,457 shares of the stock in a transaction on Thursday, June 5th. The stock was purchased at an average price of $1.28 per share, for a total transaction of $16,742,984.96. Following the acquisition, the chief executive officer now owns 12,299,207 shares in the company, valued at approximately $15,742,984.96. This trade represents a -1,674.30% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 10.20% of the stock is currently owned by company insiders.

Institutional Trading of Rafael

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ieq Capital LLC bought a new stake in shares of Rafael during the 1st quarter worth approximately $447,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Rafael in the first quarter valued at $26,000. Finally, Geode Capital Management LLC increased its holdings in Rafael by 17.9% during the fourth quarter. Geode Capital Management LLC now owns 174,561 shares of the company's stock worth $288,000 after buying an additional 26,493 shares during the last quarter. Institutional investors and hedge funds own 11.30% of the company's stock.

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.