RF Industries, Ltd. (NASDAQ:RFIL) Short Interest Update

Key Points

• Short interest in RF Industries increased by 128.0% in July, reaching a total of 70,900 shares, indicating growing bearish sentiment among investors.
• Wall Street Zen upgraded RF Industries to a "strong-buy" rating, suggesting potential upside for the stock.
• Institutional investors now own 23.49% of the company's stock, with several firms recently acquiring new stakes, indicating increasing interest from larger investors.

RF Industries, Ltd. (NASDAQ:RFIL - Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 70,900 shares, agrowthof128.0% from the June 30th total of 31,100 shares. Based on an average daily volume of 113,800 shares, the days-to-cover ratio is currently 0.6 days. Currently,0.9% of the shares of the stock are sold short. Currently,0.9% of the shares of the stock are sold short. Based on an average daily volume of 113,800 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of RF Industries

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new stake in RF Industries in the 1st quarter worth approximately $56,000. Wealthedge Investment Advisors LLC bought a new stake in RF Industries in the fourth quarter valued at approximately $84,000. Bailard Inc. purchased a new stake in shares of RF Industries during the first quarter valued at approximately $126,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of RF Industries by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker's stock valued at $906,000 after purchasing an additional 2,062 shares during the period. Institutional investors own 23.49% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised RF Industries to a "strong-buy" rating in a report on Friday, July 18th.

RF Industries Stock Performance

NASDAQ:RFIL traded down $0.05 during mid-day trading on Friday, reaching $7.14. The stock had a trading volume of 95,530 shares, compared to its average volume of 245,344. The firm has a 50 day moving average price of $6.31 and a two-hundred day moving average price of $5.05. The stock has a market capitalization of $76.26 million, a P/E ratio of -54.92 and a beta of 0.82. RF Industries has a one year low of $3.27 and a one year high of $9.21.

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.