Rafael Holdings, Inc. (NYSE:RFL) Sees Significant Increase in Short Interest

Rafael Holdings, Inc. (NYSE:RFL) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 252,495 shares, an increase of 89.0% from the June 30th total of 133,570 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 317,195 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Rafael from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. Wall Street Zen upgraded Rafael to a “hold” rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Rafael presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Rafael

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP bought a new position in shares of Rafael during the 2nd quarter worth $50,000. Citadel Advisors LLC raised its holdings in shares of Rafael by 132.3% in the third quarter. Citadel Advisors LLC now owns 72,584 shares of the company’s stock valued at $99,000 after acquiring an additional 41,335 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Rafael by 25.4% in the fourth quarter. Geode Capital Management LLC now owns 445,866 shares of the company’s stock valued at $526,000 after acquiring an additional 90,417 shares in the last quarter. Vanguard Group Inc. lifted its stake in Rafael by 10.5% in the third quarter. Vanguard Group Inc. now owns 1,394,726 shares of the company’s stock worth $1,897,000 after acquiring an additional 133,024 shares during the period. Finally, Cable Car Capital LP purchased a new stake in Rafael in the second quarter worth about $173,000. 11.30% of the stock is owned by institutional investors.

Rafael Price Performance

RFL stock traded down $0.05 during mid-day trading on Friday, reaching $1.95. The company had a trading volume of 60,243 shares, compared to its average volume of 129,920. The company has a market capitalization of $101.40 million, a PE ratio of -2.87 and a beta of 0.29. The firm has a 50 day moving average of $2.22 and a 200 day moving average of $1.61. Rafael has a 12 month low of $1.12 and a 12 month high of $3.96.

Rafael Company Profile

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. Its lead drug candidate is CPI-613 (devimistat), currently under Phase III clinical study for the treatment of metastatic pancreatic cancer and acute myeloid leukemia.