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

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

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in RENN Fund stock. Susquehanna International Group LLP purchased a new stake in RENN Fund, Inc. (NYSEAMERICAN:RCG) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 13,015 shares of the company’s stock, valued at approximately $33,000.

RENN Fund Price Performance

Shares of RCG opened at $2.83 on Thursday. RENN Fund has a 12 month low of $2.40 and a 12 month high of $3.31. The stock’s 50 day moving average is $2.90 and its two-hundred day moving average is $2.90.

About RENN Fund

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.