RF Industries, Ltd. (NASDAQ:RFIL) Sees Large Growth in Short Interest

RF Industries, Ltd. (NASDAQ:RFIL) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 133,438 shares, an increase of 200.3% from the December 31st total of 44,430 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 363,488 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 363,488 shares, the short-interest ratio is currently 0.4 days. Currently, 1.5% of the company’s stock are short sold.

RF Industries Trading Down 6.7%

Shares of RFIL stock opened at $10.13 on Thursday. RF Industries has a 1 year low of $3.39 and a 1 year high of $12.24. The firm’s fifty day simple moving average is $6.92 and its 200 day simple moving average is $7.33. The firm has a market capitalization of $108.49 million, a P/E ratio of 506.75 and a beta of 0.96.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings results on Wednesday, January 14th. The electronics maker reported $0.20 EPS for the quarter, beating the consensus estimate of $0.09 by $0.11. The firm had revenue of $22.69 million during the quarter, compared to analysts’ expectations of $19.38 million. RF Industries had a return on equity of 10.08% and a net margin of 0.09%. Equities research analysts anticipate that RF Industries will post 0.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on RFIL. Weiss Ratings raised RF Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, January 15th. B. Riley restated a “buy” rating on shares of RF Industries in a research note on Thursday, January 15th. Finally, Zacks Research raised shares of RF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $9.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. bought a new stake in shares of RF Industries in the 1st quarter valued at approximately $56,000. Heron Bay Capital Management bought a new position in shares of RF Industries during the 2nd quarter worth approximately $67,000. Global Retirement Partners LLC acquired a new stake in RF Industries in the 3rd quarter valued at $44,000. Ritholtz Wealth Management bought a new stake in RF Industries in the third quarter valued at $754,000. Finally, AMH Equity Ltd acquired a new position in RF Industries during the third quarter worth $1,843,000. Institutional investors own 23.49% of the company’s stock.

RF Industries Company Profile

RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.