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

RF Industries, Ltd. (NASDAQ:RFIL) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 12,800 shares, a drop of 32.3% from the February 28th total of 18,900 shares. Based on an average daily volume of 40,800 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on RF Industries in a report on Wednesday. They set a “hold” rating on the stock.

RF Industries Stock Down 7.2 %

RFIL stock opened at $4.54 on Friday. The business has a 50 day moving average of $4.70 and a 200-day moving average of $4.24. The firm has a market cap of $48.44 million, a PE ratio of -7.21 and a beta of 1.09. RF Industries has a 12-month low of $2.86 and a 12-month high of $5.77.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings results on Thursday, January 16th. The electronics maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.06%. On average, research analysts expect that RF Industries will post 0.11 earnings per share for the current year.

Institutional Trading of RF Industries

A number of hedge funds have recently bought and sold shares of the company. Wealthedge Investment Advisors LLC bought a new stake in RF Industries during the 4th quarter valued at $84,000. Geode Capital Management LLC boosted its position in shares of RF Industries by 13.3% during the third quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock valued at $342,000 after purchasing an additional 9,863 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position 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 valued at $906,000 after buying an additional 2,062 shares during the period. Institutional investors own 23.49% of the company’s stock.

About RF Industries

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.