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

RF Industries, Ltd. (NASDAQ:RFIL) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 64,957 shares, a decline of 51.3% from the January 15th total of 133,438 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 323,222 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 323,222 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On RF Industries

Several large investors have recently modified their holdings of RFIL. AMH Equity Ltd purchased a new stake in RF Industries during the third quarter worth $1,843,000. Arrowstreet Capital Limited Partnership purchased a new stake in RF Industries during the third quarter valued at approximately $1,651,000. Ritholtz Wealth Management acquired a new stake in RF Industries in the third quarter valued at approximately $754,000. Huntleigh Advisors Inc. purchased a new position in RF Industries during the 3rd quarter worth $678,000. Finally, O Shaughnessy Asset Management LLC increased its position in RF Industries by 58.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 212,439 shares of the electronics maker’s stock valued at $1,228,000 after buying an additional 78,144 shares in the last quarter. Institutional investors own 23.49% of the company’s stock.

Wall Street Analyst Weigh In

RFIL has been the subject of several recent research reports. Zacks Research upgraded RF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. B. Riley Financial reaffirmed a “buy” rating on shares of RF Industries in a report on Thursday, January 15th. Finally, Weiss Ratings upgraded RF Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, RF Industries currently has a consensus rating of “Buy” and a consensus price target of $9.25.

RF Industries Price Performance

NASDAQ RFIL opened at $10.99 on Friday. The business’s 50-day moving average is $7.96 and its 200 day moving average is $7.57. The stock has a market capitalization of $117.70 million, a PE ratio of 549.77 and a beta of 1.01. RF Industries has a 1 year low of $3.39 and a 1 year high of $12.24.

RF Industries (NASDAQ:RFIL) last issued its earnings results on Wednesday, January 14th. The electronics maker reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.11. The company had revenue of $22.69 million for the quarter, compared to analysts’ expectations of $19.38 million. RF Industries had a net margin of 0.09% and a return on equity of 10.08%. As a group, equities research analysts anticipate that RF Industries will post 0.11 earnings per share for the current year.

RF Industries Company Profile

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.