RF Industries, Ltd. (NASDAQ:RFIL) Sees Large Growth in Short Interest

Key Points

• RF Industries, Ltd. saw a dramatic increase in short interest, rising by 167.6% to a total of 119,100 shares as of September 30th.
• The stock has a market capitalization of $82.48 million and reported earnings of $0.07 per share for the last quarter.
• Analysts have varied ratings for RFIL, with price targets ranging from a strong buy to a sell, and a consensus target price set at $9.25.

RF Industries, Ltd. (NASDAQ:RFIL - Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 119,100 shares, a growth of 167.6% from the September 15th total of 44,500 shares. Based on an average trading volume of 191,100 shares, the short-interest ratio is currently 0.6 days. Currently, 1.4% of the shares of the stock are short sold. Currently, 1.4% of the shares of the stock are short sold. Based on an average trading volume of 191,100 shares, the short-interest ratio is currently 0.6 days.

RF Industries Trading Down 5.6%

Shares of RFIL stock opened at $7.73 on Friday. RF Industries has a 12-month low of $3.39 and a 12-month high of $9.56. The stock's 50-day moving average price is $7.61 and its 200-day moving average price is $6.05. The stock has a market capitalization of $82.48 million, a price-to-earnings ratio of -386.50 and a beta of 0.95.

RF Industries (NASDAQ:RFIL - Get Free Report) last issued its earnings results on Tuesday, May 23rd. The electronics maker reported $0.07 earnings per share (EPS) for the quarter. RF Industries had a positive return on equity of 5.20% and a negative net margin of 0.44%.The firm had revenue of $16.92 million for the quarter. As a group, research analysts predict that RF Industries will post 0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on RFIL shares. B. Riley boosted their price objective on RF Industries from $6.25 to $9.25 and gave the company a "buy" rating in a research report on Monday, September 15th. Wall Street Zen upgraded RF Industries to a "strong-buy" rating in a research report on Friday, July 18th. Zacks Research upgraded RF Industries from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 18th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of RF Industries in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $9.25.

Institutional Investors Weigh In On RF Industries

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new stake in shares of RF Industries in the first quarter worth about $56,000. Wealthedge Investment Advisors LLC increased its stake in RF Industries by 171.1% during the first quarter. Wealthedge Investment Advisors LLC now owns 58,537 shares of the electronics maker's stock worth $275,000 after acquiring an additional 36,942 shares during the last quarter. Bailard Inc. bought a new stake in RF Industries during the first quarter worth approximately $126,000. Finally, Heron Bay Capital Management bought a new stake in RF Industries during the second quarter worth approximately $67,000. 23.49% of the stock is owned by institutional investors.

RF Industries Company Profile

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.

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