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

RF Industries, Ltd. (NASDAQ:RFIL) saw a large drop in short interest in 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 short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of RF Industries in a research note on Wednesday. They issued a “hold” rating for the company.

Institutional Investors Weigh In On RF Industries

A number of institutional investors and hedge funds have recently made changes to their positions in RFIL. Wealthedge Investment Advisors LLC bought a new position in RF Industries in the fourth quarter valued at approximately $84,000. Dimensional Fund Advisors LP increased its stake in shares of RF Industries by 0.9% during the 4th 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. Finally, Geode Capital Management LLC raised its stake in RF Industries by 13.3% in the third quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock valued at $342,000 after buying an additional 9,863 shares during the period. Institutional investors own 23.49% of the company’s stock.

RF Industries Stock Down 7.2 %

Shares of NASDAQ RFIL opened at $4.54 on Friday. The business’s 50 day moving average is $4.70 and its two-hundred day moving average is $4.24. RF Industries has a 12 month low of $2.86 and a 12 month high of $5.77. The company has a market cap of $48.44 million, a P/E ratio of -7.21 and a beta of 1.09.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings data on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Sell-side analysts expect that RF Industries will post 0.11 earnings per share for the current fiscal year.

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.