RENN Fund, Inc. (NYSEAMERICAN:RCG) Sees Significant Decline in Short Interest

RENN Fund, Inc. (NYSEAMERICAN:RCG) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 2,100 shares, a decline of 72.4% from the November 30th total of 7,600 shares. Based on an average daily trading volume, of 17,600 shares, the days-to-cover ratio is presently 0.1 days.

RENN Fund Price Performance

Shares of RCG stock traded up $0.06 during trading hours on Thursday, hitting $2.46. The stock had a trading volume of 6,166 shares, compared to its average volume of 11,059. RENN Fund has a twelve month low of $1.52 and a twelve month high of $2.85.

RENN Fund Company Profile

RENN Fund, Inc is a closed ended equity mutual fund launched by RENN Capital Group, Inc The fund is co-managed by Horizon Kinetics Asset Management LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It seeks to invest in stocks of small-cap and mid-cap companies.