Frequency Electronics, Inc. (NASDAQ:FEIM) Short Interest Down 50.6% in May

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totalling 17,000 shares, a drop of 50.6% from the April 30th total of 34,400 shares. Based on an average daily volume of 75,700 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Frequency Electronics from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 25th.

Frequency Electronics Stock Down 4.7%

NASDAQ:FEIM traded down $0.96 during mid-day trading on Friday, hitting $19.30. 193,669 shares of the stock traded hands, compared to its average volume of 75,449. The business's 50-day moving average price is $17.42 and its 200 day moving average price is $16.65. The company has a market cap of $186.77 million, a PE ratio of 23.54 and a beta of 0.38. Frequency Electronics has a 12-month low of $8.62 and a 12-month high of $21.00.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The communications equipment provider reported $1.60 earnings per share for the quarter. The firm had revenue of $18.93 million during the quarter. Frequency Electronics had a net margin of 13.02% and a return on equity of 21.49%.

Insider Transactions at Frequency Electronics

In other Frequency Electronics news, Director Russell M. Sarachek bought 2,161 shares of Frequency Electronics stock in a transaction dated Thursday, March 27th. The stock was purchased at an average price of $15.77 per share, for a total transaction of $34,078.97. Following the completion of the purchase, the director now directly owns 464,080 shares of the company's stock, valued at approximately $7,318,541.60. This trade represents a 0.47% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 26.10% of the company's stock.

Institutional Investors Weigh In On Frequency Electronics

Hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC bought a new stake in shares of Frequency Electronics in the 4th quarter worth approximately $27,000. IFP Advisors Inc bought a new stake in Frequency Electronics during the 4th quarter valued at $85,000. JPMorgan Chase & Co. raised its holdings in Frequency Electronics by 373.6% during the 4th quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock valued at $114,000 after buying an additional 4,860 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Frequency Electronics during the 1st quarter valued at $180,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Frequency Electronics during the 1st quarter valued at $183,000. 58.60% of the stock is currently owned by institutional investors.

About Frequency Electronics

Frequency Electronics, Inc, together with its subsidiaries, engages in designing, development, and manufacturing of 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 and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S.