RENN Fund, Inc. (NYSEAMERICAN:RCG) Short Interest Down 71.2% in July

RENN Fund, Inc. (NYSEAMERICAN:RCG) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 6,122 shares, a decline of 71.2% from the July 15th total of 21,285 shares. Based on an average daily volume of 7,698 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On RENN Fund

An institutional investor recently bought a new stake in RENN Fund stock. Susquehanna International Group LLP purchased a new stake in RENN Fund, Inc. (NYSEAMERICAN:RCG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,015 shares of the company’s stock, valued at approximately $33,000.

RENN Fund Trading Down 1.8%

NYSEAMERICAN:RCG traded down $0.05 during mid-day trading on Friday, reaching $2.76. 10,429 shares of the stock were exchanged, compared to its average volume of 8,564. RENN Fund has a 1 year low of $2.40 and a 1 year high of $3.31. The company has a 50 day simple moving average of $2.90 and a 200-day simple moving average of $2.90.

About RENN Fund

RENN Fund, Inc (NYSE American: RCG) is a closed-end management investment company that seeks to provide current income to its shareholders, with capital preservation as a secondary objective. The Fund pursues this objective by investing primarily in a diversified portfolio of corporate debt securities, including both investment-grade and below-investment-grade (high-yield) bonds, floating-rate bank loans and convertible securities.

To enhance income and manage portfolio risk, the Fund may employ leverage through borrowings or the issuance of preferred shares.