RENN Fund, Inc. (NYSEAMERICAN:RCG) Short Interest Up 114.6% in June

RENN Fund, Inc. (NYSEAMERICAN:RCG) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 20,730 shares, an increase of 114.6% from the June 15th total of 9,659 shares. Based on an average daily trading volume, of 6,275 shares, the days-to-cover ratio is currently 3.3 days.

RENN Fund Stock Down 1.5%

RENN Fund stock traded down $0.04 during midday trading on Wednesday, hitting $2.98. The stock had a trading volume of 2,393 shares, compared to its average volume of 8,889. RENN Fund has a 12 month low of $2.40 and a 12 month high of $3.31. The business has a fifty day moving average price of $2.80 and a 200 day moving average price of $2.84.

Institutional Investors Weigh In On RENN Fund

An institutional investor recently bought a new position in RENN Fund stock. Susquehanna International Group LLP bought a new stake in shares of RENN Fund, Inc. (NYSEAMERICAN:RCG) in the third quarter, according to its most recent Form 13F filing with the SEC. 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.