RENN Fund, Inc. (NYSEAMERICAN:RCG) Short Interest Up 109.8% in August

RENN Fund, Inc. (NYSEAMERICAN:RCGGet Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 12,561 shares, an increase of 109.8% from the August 15th total of 5,988 shares. Based on an average trading volume of 4,090 shares, the days-to-cover ratio is currently 3.1 days.

RENN Fund Trading Up 0.7%

Shares of RCG traded up $0.02 during mid-day trading on Monday, reaching $3.04. The company had a trading volume of 9,085 shares, compared to its average volume of 8,154. The company’s 50 day simple moving average is $2.94 and its 200 day simple moving average is $2.92. RENN Fund has a 1-year low of $2.40 and a 1-year high of $3.31.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in RENN Fund stock. Susquehanna International Group LLP purchased a new stake in RENN Fund, Inc. (NYSEAMERICAN:RCGFree Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,015 shares of the company’s stock, valued at approximately $33,000.

About RENN Fund

(Get Free Report)

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.

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