RF Industries, Ltd. (NASDAQ:RFIL) Short Interest Down 64.4% in February

RF Industries, Ltd. (NASDAQ:RFIL) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 24,900 shares, a decrease of 64.4% from the January 31st total of 70,000 shares. Based on an average trading volume of 31,700 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC increased its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,846 shares of the electronics maker’s stock after buying an additional 9,863 shares during the quarter. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 23.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on RF Industries in a report on Saturday, February 22nd. They issued a “hold” rating on the stock.

RF Industries Trading Down 2.1 %

NASDAQ RFIL opened at $4.62 on Friday. RF Industries has a 1 year low of $2.86 and a 1 year high of $5.77. The company has a market cap of $48.71 million, a PE ratio of -7.33 and a beta of 1.01. The stock’s 50-day moving average price is $4.53 and its two-hundred day moving average price is $4.14.

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

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.