Richardson Electronics, Ltd. (NASDAQ:RELL) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 17,000 shares, a growth of 63.5% from the May 30th total of 10,400 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 26,100 shares, the days-to-cover ratio is presently 0.7 days.
Shares of RELL stock remained flat at $$5.52 on Friday. The company had a trading volume of 21,003 shares, compared to its average volume of 22,544. The stock has a market cap of $72.05 million, a price-to-earnings ratio of 55.20 and a beta of 0.37. Richardson Electronics has a 52-week low of $5.00 and a 52-week high of $10.40. The company’s 50-day moving average price is $5.32.
Richardson Electronics (NASDAQ:RELL) last released its earnings results on Tuesday, April 9th. The technology company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.10). The company had revenue of $39.02 million for the quarter. Richardson Electronics had a return on equity of 0.97% and a net margin of 0.46%.
Richardson Electronics Company Profile
Richardson Electronics, Ltd. engages in power and microwave technologies, customized display solutions, and healthcare equipment businesses in North America, the Asia Pacific, Europe, and Latin America. The company's Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; high value flat panel detector solutions, replacement parts, tubes and service training for diagnostic imaging equipment; and customized display solutions, as well as power conversion and RF and microwave components for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications.
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