RENN Fund, Inc. (NYSEAMERICAN:RCG) Short Interest Down 71.2% in July

RENN Fund, Inc. (NYSEAMERICAN:RCG) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 6,122 shares, a drop of 71.2% from the July 15th total of 21,285 shares. Based on an average daily trading volume, of 7,698 shares, the days-to-cover ratio is currently 0.8 days.

RENN Fund Trading Down 1.8%

Shares of RENN Fund stock traded down $0.05 on Friday, hitting $2.76. 10,429 shares of the company traded hands, compared to its average volume of 8,564. RENN Fund has a 52 week low of $2.40 and a 52 week high of $3.31. The business has a 50-day simple moving average of $2.90 and a 200 day simple moving average of $2.90.

Institutional Trading of RENN Fund

An institutional investor recently bought a new stake in RENN Fund stock. Susquehanna International Group LLP bought a new position in RENN Fund, Inc. (NYSEAMERICAN:RCG) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,015 shares of the company’s stock, valued at approximately $33,000.

RENN Fund Company Profile

RENN Fund, Inc (NYSE American: RCG) is a closed-end management investment company that seeks to provide current income to its shareholders, with capital preservation as a secondary objective. The Fund pursues this objective by investing primarily in a diversified portfolio of corporate debt securities, including both investment-grade and below-investment-grade (high-yield) bonds, floating-rate bank loans and convertible securities.

To enhance income and manage portfolio risk, the Fund may employ leverage through borrowings or the issuance of preferred shares.