Bel Fuse Inc. (NASDAQ:BELFA) Short Interest Up 47.9% in July

Bel Fuse Inc. (NASDAQ:BELFA) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 160,200 shares, an increase of 47.9% from the June 30th total of 108,300 shares. Based on an average daily trading volume, of 17,600 shares, the short-interest ratio is currently 9.1 days. Approximately 10.1% of the company’s stock are sold short.

Bel Fuse Stock Up 1.5 %

Shares of Bel Fuse stock traded up $1.32 during trading hours on Friday, hitting $90.76. The company had a trading volume of 6,892 shares, compared to its average volume of 27,376. The company’s 50-day moving average is $81.76 and its two-hundred day moving average is $73.52. Bel Fuse has a twelve month low of $38.82 and a twelve month high of $91.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.70. The company has a market cap of $1.15 billion, a P/E ratio of 16.12 and a beta of 1.36.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.59. The firm had revenue of $133.21 million during the quarter. Bel Fuse had a net margin of 11.81% and a return on equity of 21.62%.

Institutional Trading of Bel Fuse

Large investors have recently bought and sold shares of the business. Brown Advisory Inc. acquired a new stake in shares of Bel Fuse in the 4th quarter worth $2,442,000. Janney Montgomery Scott LLC lifted its stake in shares of Bel Fuse by 8.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,123 shares of the scientific and technical instruments company’s stock worth $929,000 after acquiring an additional 1,063 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Bel Fuse in the 2nd quarter worth $444,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.