Franklin Wireless Corp. (NASDAQ:FKWL) Short Interest Up 80.2% in September

Franklin Wireless Corp. (NASDAQ:FKWL) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 22,700 shares, a growth of 80.2% from the September 15th total of 12,600 shares. Based on an average daily volume of 13,500 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.3% of the company’s stock are short sold.

Franklin Wireless Trading Up 0.9 %

Shares of NASDAQ FKWL traded up $0.04 during midday trading on Friday, hitting $4.33. The company’s stock had a trading volume of 9,383 shares, compared to its average volume of 13,630. The firm has a market capitalization of $51.01 million, a price-to-earnings ratio of -13.12 and a beta of 0.18. The stock has a fifty day moving average price of $4.21 and a 200 day moving average price of $3.60. Franklin Wireless has a one year low of $2.69 and a one year high of $4.59.

Institutional Trading of Franklin Wireless

An institutional investor recently raised its position in Franklin Wireless stock. Dimensional Fund Advisors LP boosted its position in shares of Franklin Wireless Corp. (NASDAQ:FKWL) by 74.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,968 shares of the company’s stock after buying an additional 17,469 shares during the quarter. Dimensional Fund Advisors LP owned 0.35% of Franklin Wireless worth $149,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 18.49% of the company’s stock.

About Franklin Wireless

Franklin Wireless Corp. provides integrated wireless solutions. The company's products include 5G/4G wireless broadband products, such as wi-fi mobile hotspot, fixed wireless routers, and enterprise gateway CPE; and IoT tracking and connected devices, including smart IoT tracking device, connected car, and home phone connect.