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

RF Industries, Ltd. (NASDAQ:RFIL - Get Free Report) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 70,000 shares, a growth of 614.3% from the January 15th total of 9,800 shares. Based on an average daily volume of 29,200 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.9% of the company's stock are sold short.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC boosted its position in shares of RF Industries, Ltd. (NASDAQ:RFIL - Free Report) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 83,846 shares of the electronics maker's stock after purchasing an additional 9,863 shares during the quarter. Geode Capital Management LLC owned about 0.80% of RF Industries worth $342,000 at the end of the most recent reporting period. 23.49% of the stock is currently owned by institutional investors.

RF Industries Price Performance

NASDAQ:RFIL traded up $0.19 during mid-day trading on Friday, hitting $5.45. 18,948 shares of the company's stock were exchanged, compared to its average volume of 59,194. The company has a market cap of $57.49 million, a PE ratio of -8.66 and a beta of 1.01. RF Industries has a one year low of $2.86 and a one year high of $5.77. The business has a fifty day moving average price of $4.35 and a 200 day moving average price of $4.07.

RF Industries (NASDAQ:RFIL - Get Free Report) last issued its quarterly earnings results on Thursday, January 16th. The electronics maker reported $0.02 EPS 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%. On average, equities analysts forecast that RF Industries will post 0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on RF Industries in a report on Friday. They issued a "hold" rating for the company.

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.