Frequency Electronics, Inc. (NASDAQ:FEIM) Short Interest Down 51.1% in January

Frequency Electronics, Inc. (NASDAQ:FEIM) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 15,400 shares, a decrease of 51.1% from the January 15th total of 31,500 shares. Based on an average daily trading volume, of 77,100 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Trading of Frequency Electronics

Several institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in shares of Frequency Electronics in the fourth quarter valued at about $27,000. Northern Trust Corp raised its holdings in shares of Frequency Electronics by 6.6% in the fourth quarter. Northern Trust Corp now owns 32,630 shares of the communications equipment provider’s stock valued at $604,000 after purchasing an additional 2,008 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of Frequency Electronics in the fourth quarter valued at about $85,000. JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 4,860 shares during the last quarter. Finally, Evernest Financial Advisors LLC purchased a new stake in shares of Frequency Electronics in the third quarter valued at about $124,000. Hedge funds and other institutional investors own 58.60% of the company’s stock.

Frequency Electronics Trading Up 1.3 %

FEIM opened at $17.47 on Friday. The company’s fifty day moving average price is $17.45 and its two-hundred day moving average price is $14.49. Frequency Electronics has a 1-year low of $8.62 and a 1-year high of $20.33. The company has a market cap of $167.90 million, a price-to-earnings ratio of 21.31 and a beta of 0.39.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings data on Tuesday, December 10th. The communications equipment provider reported $0.28 earnings per share for the quarter. Frequency Electronics had a net margin of 13.02% and a return on equity of 21.49%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Frequency Electronics from a “buy” rating to a “strong-buy” rating in a report on Friday, December 20th.

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.