Frequency Electronics, Inc. (NASDAQ:FEIM – Get Rating) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 2,300 shares, a growth of 155.6% from the August 15th total of 900 shares. Based on an average daily trading volume, of 5,800 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company's stock are short sold.
Institutional Trading of Frequency Electronics
An institutional investor recently raised its position in Frequency Electronics stock. Needham Investment Management LLC boosted its position in shares of Frequency Electronics, Inc. (NASDAQ:FEIM – Get Rating) by 4.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 646,350 shares of the communications equipment provider's stock after purchasing an additional 28,008 shares during the quarter. Needham Investment Management LLC owned about 6.98% of Frequency Electronics worth $6,450,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 56.69% of the company's stock.
Get Frequency Electronics alerts:Frequency Electronics Stock Down 9.8 %
Shares of NASDAQ:FEIM traded down $0.60 during midday trading on Wednesday, reaching $5.50. The company's stock had a trading volume of 72,204 shares, compared to its average volume of 7,510. Frequency Electronics has a 12-month low of $5.30 and a 12-month high of $11.33. The firm has a 50 day moving average of $6.46 and a 200-day moving average of $7.44. The firm has a market capitalization of $51.23 million, a P/E ratio of -6.49 and a beta of 0.42.
Frequency Electronics (NASDAQ:FEIM – Get Rating) last announced its quarterly earnings data on Wednesday, July 13th. The communications equipment provider reported ($0.74) EPS for the quarter. Frequency Electronics had a negative net margin of 17.93% and a negative return on equity of 16.55%. The firm had revenue of $10.16 million for the quarter.Frequency Electronics Company Profile
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Frequency Electronics, Inc, together with its subsidiaries, designs, develops, manufactures, and sells precision time and frequency control products and components for microwave integrated circuit applications. It operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time, frequency generation, and synchronization products and subsystems used in communication satellites, terrestrial cellular telephone, or other ground-based telecommunication stations; and other components and systems for the United States military.
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