Short Interest in RF Industries, Ltd. (NASDAQ:RFIL) Decreases By 32.3%

RF Industries, Ltd. (NASDAQ:RFIL) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 12,800 shares, a drop of 32.3% from the February 28th total of 18,900 shares. Based on an average daily volume of 40,800 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Insiders Place Their Bets

In other RF Industries news, Director Mark Keith Holdsworth purchased 15,000 shares of the stock in a transaction on Thursday, March 27th. The stock was bought at an average cost of $4.72 per share, for a total transaction of $70,800.00. Following the completion of the acquisition, the director now directly owns 106,953 shares of the company’s stock, valued at $504,818.16. The trade was a 16.31 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On RF Industries

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of RF Industries by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock worth $906,000 after purchasing an additional 2,062 shares in the last quarter. Geode Capital Management LLC lifted its position in RF Industries by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock worth $342,000 after buying an additional 9,863 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC acquired a new position in shares of RF Industries during the 4th quarter worth about $84,000. Institutional investors and hedge funds own 23.49% of the company’s stock.

RF Industries Stock Up 3.3 %

Shares of NASDAQ:RFIL opened at $4.69 on Tuesday. The firm has a market cap of $50.04 million, a price-to-earnings ratio of -7.44 and a beta of 1.09. RF Industries has a 12 month low of $2.86 and a 12 month high of $5.77. The company’s fifty day simple moving average is $4.71 and its 200 day simple moving average is $4.26.

RF Industries (NASDAQ:RFIL) 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 net margin of 10.18% and a negative return on equity of 3.06%. Research analysts expect that RF Industries will post 0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on RF Industries in a research report on Wednesday, March 26th. 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.