RF Industries, Ltd. (NASDAQ:RFIL) Short Interest Up 40.6% in March

RF Industries, Ltd. (NASDAQ:RFIL) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 18,000 shares, an increase of 40.6% from the March 15th total of 12,800 shares. Based on an average daily volume of 43,900 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

RF Industries Trading Down 0.5 %

NASDAQ:RFIL traded down $0.02 during trading hours on Friday, reaching $3.82. 9,908 shares of the company traded hands, compared to its average volume of 22,518. RF Industries has a 1 year low of $2.86 and a 1 year high of $5.77. The stock has a market capitalization of $40.76 million, a P/E ratio of -6.06 and a beta of 0.83. The business’s 50-day moving average price is $4.45 and its two-hundred day moving average price is $4.27.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings data on Thursday, January 16th. The electronics maker reported $0.02 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%. As a group, equities analysts anticipate that RF Industries will post 0.11 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of RF Industries in a research note on Friday, April 11th. They set a “buy” rating on the stock.

Insider Activity at RF Industries

In other news, Director Mark Keith Holdsworth acquired 15,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was acquired at an average price of $4.72 per share, for a total transaction of $70,800.00. Following the completion of the acquisition, the director now owns 106,953 shares in the company, valued at $504,818.16. This trade represents a 16.31 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealthedge Investment Advisors LLC purchased a new position in RF Industries in the 4th quarter worth approximately $84,000. Geode Capital Management LLC raised its stake in shares of RF Industries by 13.3% in the third quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock worth $342,000 after purchasing an additional 9,863 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of RF Industries by 0.9% in 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 last quarter. 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.