Rafael Holdings, Inc. (NYSE:RFL) Sees Large Decrease in Short Interest

Rafael Holdings, Inc. (NYSE:RFL) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 45,600 shares, a drop of 30.1% from the November 15th total of 65,200 shares. Based on an average daily volume of 42,300 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On Rafael

An institutional investor recently raised its position in Rafael stock. Geode Capital Management LLC increased its holdings in shares of Rafael Holdings, Inc. (NYSE:RFL) by 24.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,068 shares of the company’s stock after purchasing an additional 29,448 shares during the quarter. Geode Capital Management LLC owned approximately 0.60% of Rafael worth $287,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 11.30% of the company’s stock.

Rafael Stock Performance

Shares of NYSE RFL traded down $0.04 during trading on Friday, hitting $1.88. 12,778 shares of the company were exchanged, compared to its average volume of 28,392. The company has a fifty day moving average price of $1.93 and a 200-day moving average price of $1.67. The firm has a market capitalization of $46.38 million, a PE ratio of -1.13 and a beta of 1.08. Rafael has a 12-month low of $1.29 and a 12-month high of $2.50.

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.