Frequency Electronics, Inc. (NASDAQ:FEIM) Short Interest Update

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 101,000 shares, an increase of 494.1% from the May 15th total of 17,000 shares. Based on an average daily volume of 94,500 shares, the short-interest ratio is presently 1.1 days. Approximately 1.2% of the shares of the stock are short sold.

Insider Buying and Selling at Frequency Electronics

In other news, Director Russell M. Sarachek purchased 2,161 shares of the business's stock in a transaction on Thursday, March 27th. The stock was purchased at an average cost of $15.77 per share, with a total value of $34,078.97. Following the acquisition, the director now directly owns 464,080 shares in the company, valued at approximately $7,318,541.60. This trade represents a 0.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 26.10% of the company's stock.

Hedge Funds Weigh In On Frequency Electronics

A number of large investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new position in Frequency Electronics in the 4th quarter worth $27,000. Villere ST Denis J & Co. LLC raised its position in Frequency Electronics by 12.8% in the 1st quarter. Villere ST Denis J & Co. LLC now owns 14,896 shares of the communications equipment provider's stock worth $233,000 after purchasing an additional 1,696 shares during the period. Northern Trust Corp raised its position in Frequency Electronics by 6.6% in the 4th quarter. Northern Trust Corp now owns 32,630 shares of the communications equipment provider's stock worth $604,000 after purchasing an additional 2,008 shares during the period. IFP Advisors Inc grew its holdings in Frequency Electronics by 67.4% in the 1st quarter. IFP Advisors Inc now owns 7,700 shares of the communications equipment provider's stock worth $121,000 after acquiring an additional 3,100 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Frequency Electronics by 373.6% in the 4th quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock worth $114,000 after acquiring an additional 4,860 shares during the last quarter. Hedge funds and other institutional investors own 58.60% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Frequency Electronics from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th.

Frequency Electronics Trading Down 0.3%

Shares of Frequency Electronics stock traded down $0.05 on Friday, hitting $18.43. 79,715 shares of the company traded hands, compared to its average volume of 79,602. The firm's 50-day simple moving average is $18.07 and its 200 day simple moving average is $17.01. The company has a market cap of $178.35 million, a P/E ratio of 22.48 and a beta of 0.43. 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 posted 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 for the quarter. Frequency Electronics had a net margin of 13.02% and a return on equity of 21.49%.

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.