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

Frequency Electronics, Inc. (NASDAQ:FEIM) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 15,400 shares, a drop of 51.1% from the January 15th total of 31,500 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 77,100 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Frequency Electronics

A number of hedge funds and other institutional investors have recently modified their holdings of FEIM. Susquehanna International Group LLP lifted its position in Frequency Electronics by 204.8% during the 4th quarter. Susquehanna International Group LLP now owns 83,538 shares of the communications equipment provider’s stock valued at $1,547,000 after acquiring an additional 56,134 shares during the period. Marshall Wace LLP lifted its holdings in shares of Frequency Electronics by 108.7% during the fourth quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider’s stock valued at $1,884,000 after purchasing an additional 52,962 shares during the last quarter. Thompson Davis & CO. Inc. boosted its position in shares of Frequency Electronics by 43.3% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock worth $920,000 after purchasing an additional 23,009 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Frequency Electronics in the 4th quarter worth approximately $402,000. Finally, Boothbay Fund Management LLC bought a new position in Frequency Electronics during the 4th quarter valued at approximately $382,000. 58.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Frequency Electronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 20th.

Frequency Electronics Price Performance

Shares of NASDAQ FEIM opened at $17.47 on Friday. Frequency Electronics has a 1 year low of $8.62 and a 1 year high of $20.33. The stock has a market capitalization of $167.89 million, a P/E ratio of 21.31 and a beta of 0.39. The company’s 50-day moving average is $17.45 and its 200 day moving average is $14.49.

Frequency Electronics (NASDAQ:FEIM) last announced its earnings results on Tuesday, December 10th. The communications equipment provider reported $0.28 earnings per share (EPS) for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%.

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.