Franklin Wireless Corp. (NASDAQ:FKWL) Short Interest Update

Franklin Wireless Corp. (NASDAQ:FKWL) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 31,700 shares, a growth of 185.6% from the December 31st total of 11,100 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,100 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Trading of Franklin Wireless

An institutional investor recently raised its position in Franklin Wireless stock. Geode Capital Management LLC boosted its stake in shares of Franklin Wireless Corp. (NASDAQ:FKWL) by 39.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,859 shares of the company’s stock after purchasing an additional 28,052 shares during the quarter. Geode Capital Management LLC owned about 0.85% of Franklin Wireless worth $457,000 at the end of the most recent quarter. 18.49% of the stock is owned by institutional investors.

Franklin Wireless Price Performance

Shares of FKWL traded down $0.08 during mid-day trading on Friday, hitting $4.96. The company’s stock had a trading volume of 571 shares, compared to its average volume of 23,276. The stock has a market capitalization of $58.37 million, a price-to-earnings ratio of -18.35 and a beta of 0.18. The firm has a 50-day moving average price of $4.65 and a 200 day moving average price of $4.36. Franklin Wireless has a fifty-two week low of $2.69 and a fifty-two week high of $5.30.

Franklin Wireless Company Profile

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.