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

RF Industries, Ltd. (NASDAQ:RFIL) was the recipient of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 5,600 shares, a decline of 26.3% from the May 15th total of 7,600 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 7,000 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

RFIL has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on RF Industries in a research report on Tuesday. They set a “hold” rating on the stock. B. Riley lowered their price target on RF Industries from $4.25 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, March 20th.

RF Industries Stock Performance

Shares of NASDAQ:RFIL traded up $0.15 during trading on Friday, reaching $3.35. 80,314 shares of the stock were exchanged, compared to its average volume of 9,563. RF Industries has a 12 month low of $2.51 and a 12 month high of $5.08. The firm has a market cap of $35.18 million, a PE ratio of -4.29 and a beta of 1.00. The stock has a 50-day moving average price of $3.06 and a 200-day moving average price of $3.05. The company has a current ratio of 2.91, a quick ratio of 1.32 and a debt-to-equity ratio of 0.26.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings data on Thursday, June 13th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. RF Industries had a negative return on equity of 5.73% and a negative net margin of 13.34%. The company had revenue of $16.11 million during the quarter, compared to analysts’ expectations of $16.28 million. Research analysts expect that RF Industries will post -0.12 EPS for the current fiscal year.

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.