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

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Frequency Electronics, Inc. (NASDAQ:FEIM) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 9,700 shares, a growth of 21.3% from the August 30th total of 8,000 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 8,800 shares, the short-interest ratio is currently 1.1 days.

Separately, ValuEngine downgraded shares of Frequency Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.

In other news, Director Long Only Value Fund Edenbrook acquired 2,700 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average price of $11.83 per share, for a total transaction of $31,941.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edenbrook Capital, Llc acquired 5,000 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was purchased at an average price of $11.99 per share, with a total value of $59,950.00. The disclosure for this purchase can be found here. Insiders have purchased 29,387 shares of company stock valued at $343,415 over the last 90 days. 37.70% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Frequency Electronics by 1.4% during the 2nd quarter. BlackRock Inc. now owns 200,037 shares of the communications equipment provider’s stock valued at $2,278,000 after acquiring an additional 2,790 shares in the last quarter. Renaissance Technologies LLC grew its stake in Frequency Electronics by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 259,483 shares of the communications equipment provider’s stock valued at $2,956,000 after acquiring an additional 2,903 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Frequency Electronics by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 690,241 shares of the communications equipment provider’s stock valued at $7,317,000 after acquiring an additional 10,416 shares in the last quarter. 44.77% of the stock is owned by institutional investors and hedge funds.

Shares of Frequency Electronics stock traded up $0.08 during trading hours on Friday, reaching $11.68. The stock had a trading volume of 10,688 shares, compared to its average volume of 10,291. The stock’s 50 day moving average is $11.21 and its 200 day moving average is $11.67. Frequency Electronics has a twelve month low of $9.60 and a twelve month high of $13.52. The company has a current ratio of 7.88, a quick ratio of 4.33 and a debt-to-equity ratio of 0.16.

Frequency Electronics (NASDAQ:FEIM) last released its earnings results on Monday, September 16th. The communications equipment provider reported ($0.07) EPS for the quarter. The company had revenue of $12.55 million for the quarter. Frequency Electronics had a negative return on equity of 4.95% and a negative net margin of 6.17%.

Frequency Electronics Company Profile

Frequency Electronics, Inc designs, develops, manufactures, and sells 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, frequency generation, and synchronization products and subsystems used in communication satellites, terrestrial cellular telephone, or other ground-based telecommunication stations; and other components and systems for the United States military.

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