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

Frequency Electronics, Inc. (NASDAQ:FEIM) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 34,000 shares, a growth of 34.4% from the September 15th total of 25,300 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 109,200 shares, the short-interest ratio is presently 0.3 days.

Frequency Electronics Stock Up 0.7 %

Shares of Frequency Electronics stock traded up $0.09 on Tuesday, reaching $12.90. The company’s stock had a trading volume of 12,271 shares, compared to its average volume of 49,444. The company has a market capitalization of $122.38 million, a price-to-earnings ratio of 37.68 and a beta of 0.44. Frequency Electronics has a 52 week low of $7.17 and a 52 week high of $14.50. The firm’s fifty day simple moving average is $12.79 and its two-hundred day simple moving average is $10.95.

Frequency Electronics (NASDAQ:FEIM) last announced its quarterly earnings results on Tuesday, September 10th. The communications equipment provider reported $0.25 EPS for the quarter. Frequency Electronics had a net margin of 10.32% and a return on equity of 16.40%. The firm had revenue of $15.08 million during the quarter.

Frequency Electronics Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 8th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, August 8th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Frequency Electronics stock. Thompson Davis & CO. Inc. acquired a new position in Frequency Electronics, Inc. (NASDAQ:FEIM) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 138,745 shares of the communications equipment provider’s stock, valued at approximately $1,511,000. Frequency Electronics accounts for 1.0% of Thompson Davis & CO. Inc.’s investment portfolio, making the stock its 9th largest position. Thompson Davis & CO. Inc. owned about 1.46% of Frequency Electronics at the end of the most recent reporting period. 58.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Frequency Electronics from a “hold” rating to a “buy” rating in a report on Friday, August 2nd.

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.