RF Industries, Ltd. (NASDAQ:RFIL - Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 70,900 shares, agrowthof128.0% from the June 30th total of 31,100 shares. Approximately0.9% of the company's shares are short sold. Based on an average daily volume of 113,800 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 113,800 shares, the days-to-cover ratio is currently 0.6 days. Approximately0.9% of the company's shares are short sold.
Analyst Ratings Changes
Separately, Wall Street Zen raised RF Industries to a "strong-buy" rating in a research note on Friday, July 18th.
View Our Latest Report on RFIL
Institutional Investors Weigh In On RF Industries
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bailard Inc. acquired a new stake in shares of RF Industries in the first quarter valued at about $126,000. Wealthedge Investment Advisors LLC acquired a new stake in RF Industries during the fourth quarter worth approximately $84,000. Goldman Sachs Group Inc. acquired a new stake in RF Industries during the first quarter worth approximately $56,000. Finally, Dimensional Fund Advisors LP grew its stake in RF Industries by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker's stock worth $906,000 after purchasing an additional 2,062 shares during the period. Institutional investors and hedge funds own 23.49% of the company's stock.
RF Industries Trading Down 12.9%
Shares of RFIL stock opened at $6.88 on Tuesday. The stock has a market cap of $73.48 million, a price-to-earnings ratio of -52.92 and a beta of 0.82. The stock has a 50-day moving average of $6.08 and a 200-day moving average of $4.98. RF Industries has a 1-year low of $3.27 and a 1-year high of $9.21.
About RF Industries
(
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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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