RF Industries, Ltd. (NASDAQ:RFIL) Short Interest Down 23.2% in December

RF Industries, Ltd. (NASDAQ:RFIL) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 15,600 shares, a drop of 23.2% from the December 15th total of 20,300 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 10,200 shares, the days-to-cover ratio is presently 1.5 days.

RF Industries Stock Performance

RFIL traded up $0.17 during trading on Wednesday, hitting $4.11. 15,014 shares of the stock were exchanged, compared to its average volume of 8,090. The firm has a 50 day simple moving average of $4.00 and a 200 day simple moving average of $3.94. The firm has a market cap of $43.13 million, a price-to-earnings ratio of -5.96 and a beta of 0.99. RF Industries has a 1 year low of $2.84 and a 1 year high of $4.65.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RFIL shares. StockNews.com began coverage on shares of RF Industries in a report on Monday. They issued a “hold” rating on the stock. B. Riley upped their target price on shares of RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, September 17th.

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC lifted its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 83,846 shares of the electronics maker’s stock after purchasing an additional 9,863 shares during the period. Geode Capital Management LLC owned about 0.80% of RF Industries worth $342,000 at the end of the most recent 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.