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

RF Industries, Ltd. (NASDAQ:RFIL) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 25,200 shares, a growth of 37.7% from the October 15th total of 18,300 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 15,000 shares, the short-interest ratio is currently 1.7 days.

Insiders Place Their Bets

In other RF Industries news, Director Mark Keith Holdsworth purchased 8,800 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were acquired at an average cost of $3.97 per share, for a total transaction of $34,936.00. Following the completion of the transaction, the director now owns 76,029 shares of the company’s stock, valued at approximately $301,835.13. The trade was a 13.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have bought 29,844 shares of company stock valued at $119,361. Insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP raised its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 225,737 shares of the electronics maker’s stock after acquiring an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned approximately 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 23.49% of the company’s stock.

Wall Street Analysts Forecast Growth

RFIL has been the subject of several analyst reports. B. Riley increased their target price on shares of RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a report on Tuesday, September 17th. StockNews.com began coverage on shares of RF Industries in a research report on Sunday, November 10th. They issued a “hold” rating for the company.

RF Industries Stock Down 1.2 %

NASDAQ:RFIL traded down $0.05 on Friday, reaching $4.01. 2,169 shares of the company’s stock traded hands, compared to its average volume of 12,462. The stock has a 50-day simple moving average of $3.98 and a 200-day simple moving average of $3.68. RF Industries has a 12 month low of $2.55 and a 12 month high of $4.65. The firm has a market cap of $42.06 million, a PE ratio of -5.81 and a beta of 0.99.

RF Industries (NASDAQ:RFIL) last released its earnings results on Monday, September 16th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. The business had revenue of $16.84 million for the quarter, compared to analysts’ expectations of $17.84 million. On average, equities analysts anticipate that RF Industries will post -0.08 earnings per share for the current 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.