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 during the month of March. As of March 31st, there was short interest totalling 17,200 shares, an increase of 23.7% from the March 15th total of 13,900 shares. Based on an average trading volume of 55,000 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com lowered Frequency Electronics from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 25th.

Insider Activity at Frequency Electronics

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FEIM. Geode Capital Management LLC increased its stake in Frequency Electronics by 26.3% in the third quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider's stock valued at $1,117,000 after purchasing an additional 19,259 shares during the last quarter. Barclays PLC acquired a new position in shares of Frequency Electronics during the 3rd quarter valued at about $153,000. IFP Advisors Inc purchased a new position in shares of Frequency Electronics during the 4th quarter worth about $85,000. MYDA Advisors LLC acquired a new stake in shares of Frequency Electronics in the fourth quarter worth approximately $259,000. Finally, Global Retirement Partners LLC purchased a new stake in Frequency Electronics in the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 58.60% of the company's stock.

Frequency Electronics Stock Up 2.2 %

Shares of FEIM traded up $0.40 during trading hours on Friday, reaching $18.75. 50,598 shares of the company traded hands, compared to its average volume of 63,800. The stock has a market capitalization of $181.44 million, a PE ratio of 22.87 and a beta of 0.43. The stock has a fifty day simple moving average of $15.94 and a 200 day simple moving average of $15.59. Frequency Electronics has a fifty-two week low of $8.62 and a fifty-two week high of $20.33.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 earnings per share (EPS) for the quarter. The company 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%.

Frequency Electronics Company Profile

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.