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

RF Industries, Ltd. (NASDAQ:RFIL) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 133,438 shares, a growth of 200.3% from the December 31st total of 44,430 shares. Based on an average trading volume of 363,488 shares, the short-interest ratio is presently 0.4 days. Approximately 1.5% of the shares of the stock are sold short. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 363,488 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

RFIL has been the topic of a number of recent research reports. Weiss Ratings upgraded RF Industries from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, January 15th. B. Riley reiterated a “buy” rating on shares of RF Industries in a research report on Thursday, January 15th. Finally, Zacks Research raised RF Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $9.25.

Institutional Trading of RF Industries

A number of hedge funds have recently made changes to their positions in the stock. AMH Equity Ltd acquired a new position in shares of RF Industries during the 3rd quarter worth $1,843,000. Arrowstreet Capital Limited Partnership bought a new stake in RF Industries in the third quarter worth $1,651,000. Ritholtz Wealth Management bought a new stake in RF Industries in the third quarter worth $754,000. Huntleigh Advisors Inc. bought a new position in RF Industries during the third quarter valued at about $678,000. Finally, Two Sigma Investments LP bought a new position in RF Industries during the third quarter valued at about $169,000. 23.49% of the stock is owned by hedge funds and other institutional investors.

RF Industries Stock Down 6.7%

RFIL opened at $10.13 on Thursday. The firm has a market capitalization of $108.49 million, a P/E ratio of 506.75 and a beta of 0.96. The stock has a fifty day moving average of $6.92 and a 200-day moving average of $7.33. RF Industries has a 12-month low of $3.39 and a 12-month high of $12.24.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings results on Wednesday, January 14th. The electronics maker reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.11. The firm had revenue of $22.69 million for the quarter, compared to analyst estimates of $19.38 million. RF Industries had a return on equity of 10.08% and a net margin of 0.09%. On average, analysts expect that RF Industries will post 0.11 earnings per share for the current fiscal year.

About RF Industries

RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.