RADA Electronic Industries Ltd. (NASDAQ:RADA) Stock Closed 7.4% Above Its 50 Day Average

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Company shares are trading at $3.48 which is just over the 50 day moving average of $3.24 and a great deal higher than the 200 day moving average of $2.14. The 50 day moving average went up $0.24 or +7.40% whereas the 200 day moving average was up $1.34 or +62.25%. (NASDAQ:RADA) shares saw light trading volume with 37K shares changing hands on Tuesday. Trading volume was down 88.80% under the stocks average daily volume.

Traders are more bearish on RADA Electronic Industries Ltd. of late looking at the change in short interest. The company saw a rise in short interest from September 15, 2017 to September 29, 2017 of 105.10%. Short shares grew from 313,263 to 642,516 over that period. The days to cover decreased to 1.0 and the percentage of shorted shares was 0.03% on September 29.

A few notable investment firms have updated their holdings. As of quarter end Citadel Advisors LLC had acquired a total of 112,545 shares growing its stake by 367.7%. The value of the investment in RADA went from $18,000 to $57,000 increasing 216.7% quarter to quarter.

RADA Electronic Industries Ltd., launched on December 8, 1970, is an aviation and defense company. The Company develops, manufactures and sells defense electronics, including, avionics solutions (including avionics for unmanned aerial vehicles (UAVs)), airborne data/video recording and management systems, inertial navigation systems and tactical land radars for defense forces and border protection systems. The Business’s product lines include Military avionics (Data/video recorders, core avionics for aircraft and UAVs); Inertial navigation systems (INS) for aerial and land platforms, and Tactical Radars for defense forces and border protection systems (land-based). Its products are primarily sold to governmental agencies, governmental authorities and government-owned companies..

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