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

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 717,300 shares, agrowthof163.4% from the June 30th total of 272,300 shares. Currently,8.4% of the company's shares are short sold. Based on an average daily volume of 264,300 shares, the short-interest ratio is presently 2.7 days. Based on an average daily volume of 264,300 shares, the short-interest ratio is presently 2.7 days. Currently,8.4% of the company's shares are short sold.

Frequency Electronics Stock Down 6.9%

Shares of FEIM traded down $2.06 during mid-day trading on Thursday, reaching $27.85. The company's stock had a trading volume of 230,416 shares, compared to its average volume of 166,922. The business has a fifty day moving average of $22.25 and a 200 day moving average of $18.70. The company has a market cap of $270.98 million, a price-to-earnings ratio of 11.26 and a beta of 0.45. Frequency Electronics has a 1 year low of $11.51 and a 1 year high of $30.39.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last posted its quarterly earnings results on Thursday, July 10th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter. Frequency Electronics had a net margin of 34.09% and a return on equity of 53.83%. The business had revenue of $19.99 million during the quarter.

Institutional Trading of Frequency Electronics

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new stake in shares of Frequency Electronics in the second quarter worth $25,000. JPMorgan Chase & Co. lifted its stake in shares of Frequency Electronics by 373.6% in the fourth 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 period. IFP Advisors Inc grew its position in Frequency Electronics by 67.4% during the first quarter. IFP Advisors Inc now owns 7,700 shares of the communications equipment provider's stock worth $121,000 after buying an additional 3,100 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Frequency Electronics during the first quarter valued at about $180,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Frequency Electronics during the 1st quarter worth approximately $183,000. Institutional investors and hedge funds own 58.60% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Frequency Electronics from a "buy" rating to a "hold" rating in a research report on Friday, July 18th.

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.