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

RF Industries, Ltd. (NASDAQ:RFIL) was the target of a significant increase in short interest in 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. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,900 shares, the days-to-cover ratio is currently 0.4 days.

RF Industries Stock Performance

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

RF Industries (NASDAQ:RFIL) last announced 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 return on equity of 3.06% and a negative net margin of 10.18%. Research analysts forecast that RF Industries will post 0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of RF Industries in a research report on Friday, April 11th. They issued a “buy” rating for the company.

Insider Buying and Selling

In related news, Director Mark Keith Holdsworth bought 15,000 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was acquired at an average cost of $4.72 per share, for a total transaction of $70,800.00. Following the completion of the transaction, the director now directly owns 106,953 shares in the company, valued at $504,818.16. This trade represents a 16.31 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 15.70% of the stock is owned by company insiders.

Institutional Trading of RF Industries

Hedge funds have recently added to or reduced their stakes in the business. Wealthedge Investment Advisors LLC purchased a new position in shares of RF Industries in the fourth quarter worth about $84,000. Geode Capital Management LLC lifted its position 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 purchasing an additional 9,863 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of 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 purchasing an additional 2,062 shares during the period. 23.49% of the stock is owned by institutional investors.

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.