Frequency Electronics, Inc. (NASDAQ:FEIM) Sees Large Growth in Short Interest

Frequency Electronics, Inc. (NASDAQ:FEIM) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 34,000 shares, an increase of 34.4% from the September 15th total of 25,300 shares. Based on an average daily trading volume, of 109,200 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are sold short.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Frequency Electronics stock. Dimensional Fund Advisors LP raised its position in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 684,633 shares of the communications equipment provider’s stock after buying an additional 1,847 shares during the period. Dimensional Fund Advisors LP owned about 7.22% of Frequency Electronics worth $6,237,000 at the end of the most recent reporting period. 58.60% of the stock is owned by hedge funds and other institutional investors.

Frequency Electronics Trading Up 0.7 %

Shares of NASDAQ FEIM traded up $0.09 during midday trading on Tuesday, hitting $12.90. 12,271 shares of the company’s stock were exchanged, compared to its average volume of 49,444. The business’s fifty day moving average price is $12.79 and its two-hundred day moving average price is $10.95. The company has a market cap of $122.38 million, a price-to-earnings ratio of 37.68 and a beta of 0.44. Frequency Electronics has a 12-month low of $7.17 and a 12-month high of $14.50.

Frequency Electronics (NASDAQ:FEIM) last released 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 business had revenue of $15.08 million during the quarter.

Frequency Electronics Announces Dividend

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

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.