Richardson Electronics, Ltd. (NASDAQ:RELL) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 11,100 shares, a drop of 34.7% from the June 15th total of 17,000 shares. Based on an average daily trading volume, of 20,800 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are short sold.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RELL. Granite Investment Partners LLC acquired a new stake in shares of Richardson Electronics during the 1st quarter worth $332,000. Alambic Investment Management L.P. acquired a new stake in shares of Richardson Electronics during the 1st quarter worth $239,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Richardson Electronics by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 917,982 shares of the technology company’s stock worth $7,977,000 after purchasing an additional 7,248 shares in the last quarter. 44.35% of the stock is currently owned by institutional investors.

Shares of RELL remained flat at $$5.60 during trading hours on Friday. The stock had a trading volume of 12,494 shares, compared to its average volume of 13,758. Richardson Electronics has a 12 month low of $5.00 and a 12 month high of $10.06. The business’s fifty day moving average is $5.43.

Richardson Electronics (NASDAQ:RELL) last released its earnings results on Wednesday, July 24th. The technology company reported ($0.50) earnings per share (EPS) for the quarter. The company had revenue of $42.16 million for the quarter. Richardson Electronics had a negative return on equity of 0.37% and a negative net margin of 4.40%.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Wednesday, August 7th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Tuesday, August 6th.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. engages in power and microwave technologies, customized display solutions, and healthcare equipment businesses in North America, the Asia Pacific, Europe, and Latin America. The company's Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; high value flat panel detector solutions, replacement parts, tubes and service training for diagnostic imaging equipment; and customized display solutions, as well as power conversion and RF and microwave components for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications.

Further Reading: Do stock splits help investors?

Receive News & Ratings for Richardson Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Richardson Electronics and related companies with MarketBeat.com's FREE daily email newsletter.