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

Frequency Electronics, Inc. (NASDAQ:FEIM) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 20,800 shares, a growth of 23.1% from the June 15th total of 16,900 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 14,300 shares, the short-interest ratio is currently 1.5 days.

Frequency Electronics Trading Up 2.9 %

NASDAQ FEIM traded up $0.27 during trading hours on Tuesday, reaching $9.57. The company’s stock had a trading volume of 17,528 shares, compared to its average volume of 20,402. The business has a 50-day simple moving average of $9.27 and a 200 day simple moving average of $10.00. The stock has a market cap of $90.82 million, a PE ratio of 27.97 and a beta of 0.46. Frequency Electronics has a 52 week low of $6.35 and a 52 week high of $11.41.

Institutional Investors Weigh In On Frequency Electronics

A number of hedge funds have recently added to or reduced their stakes in FEIM. Hillsdale Investment Management Inc. bought a new stake in Frequency Electronics in the 4th quarter valued at about $170,000. Thompson Siegel & Walmsley LLC bought a new stake in Frequency Electronics during the 4th quarter valued at $199,000. First United Bank & Trust bought a new position in Frequency Electronics in the 4th quarter valued at about $55,000. Thompson Davis & CO. Inc. acquired a new position in Frequency Electronics during the 1st quarter valued at about $1,511,000. Finally, Villere ST Denis J & Co. LLC lifted its stake in shares of Frequency Electronics by 32.0% in the 1st quarter. Villere ST Denis J & Co. LLC now owns 13,200 shares of the communications equipment provider’s stock worth $144,000 after acquiring an additional 3,200 shares during the period. 58.60% of the stock is currently owned by institutional investors.

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.