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

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 717,300 shares, anincreaseof163.4% from the June 30th total of 272,300 shares. Approximately8.4% of the company's stock are short sold. Based on an average daily trading volume, of 264,300 shares, the short-interest ratio is presently 2.7 days. Based on an average daily trading volume, of 264,300 shares, the short-interest ratio is presently 2.7 days. Approximately8.4% of the company's stock are short sold.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Frequency Electronics

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new position in Frequency Electronics in the second quarter worth $25,000. JPMorgan Chase & Co. boosted its holdings in Frequency Electronics by 373.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock worth $114,000 after purchasing an additional 4,860 shares during the period. IFP Advisors Inc boosted its holdings in Frequency Electronics by 67.4% in the first quarter. IFP Advisors Inc now owns 7,700 shares of the communications equipment provider's stock worth $121,000 after purchasing an additional 3,100 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in Frequency Electronics in the first quarter worth $180,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Frequency Electronics during the first quarter valued at $183,000. Institutional investors and hedge funds own 58.60% of the company's stock.

Frequency Electronics Trading Down 0.6%

Shares of NASDAQ:FEIM opened at $26.45 on Monday. The company has a fifty day simple moving average of $21.72 and a 200 day simple moving average of $18.49. The firm has a market cap of $257.36 million, a PE ratio of 10.71 and a beta of 0.45. Frequency Electronics has a 12-month low of $11.51 and a 12-month high of $29.53.

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

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.

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