Short Interest in Rafael Holdings, Inc. (NYSE:RFL) Declines By 23.2%

Rafael Holdings, Inc. (NYSE:RFL) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 78,500 shares, a drop of 23.2% from the January 15th total of 102,200 shares. Based on an average trading volume of 36,300 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Trading of Rafael

A hedge fund recently raised its stake in Rafael stock. Geode Capital Management LLC boosted its holdings in Rafael Holdings, Inc. (NYSE:RFL) by 24.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,068 shares of the company’s stock after purchasing an additional 29,448 shares during the quarter. Geode Capital Management LLC owned about 0.60% of Rafael worth $287,000 as of its most recent SEC filing. 11.30% of the stock is currently owned by institutional investors.

Rafael Trading Down 1.5 %

Shares of NYSE:RFL opened at $2.02 on Friday. The firm’s 50-day moving average is $1.93 and its two-hundred day moving average is $1.81. Rafael has a 1 year low of $1.29 and a 1 year high of $2.50.

Rafael (NYSE:RFL) last announced its quarterly earnings data on Wednesday, December 11th. The company reported ($0.37) earnings per share (EPS) for the quarter. Rafael had a negative net margin of 5,707.03% and a negative return on equity of 53.71%.

About Rafael

Rafael Holdings, Inc primarily engages in holding interests in clinical and early-stage pharmaceutical companies, and commercial real estate assets in the United States and Israel. It operates in two segments, Healthcare and Real Estate. The company engages in the development and commercialization of therapies that exploit the metabolic differences between normal cells and cancer cells.