Short Interest in Franklin Wireless Corp. (NASDAQ:FKWL) Increases By 112.8%

Franklin Wireless Corp. (NASDAQ:FKWL) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 81,700 shares, a growth of 112.8% from the January 31st total of 38,400 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 39,500 shares, the short-interest ratio is currently 2.1 days.

Franklin Wireless Stock Up 4.7 %

Franklin Wireless stock traded up $0.31 during mid-day trading on Friday, hitting $6.92. 34,840 shares of the company’s stock traded hands, compared to its average volume of 52,724. Franklin Wireless has a one year low of $2.69 and a one year high of $7.45. The firm has a 50 day moving average price of $5.36 and a 200 day moving average price of $4.63. The company has a market cap of $81.52 million, a PE ratio of -36.42 and a beta of 0.18.

Franklin Wireless (NASDAQ:FKWL) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.02 EPS for the quarter. Franklin Wireless had a negative return on equity of 5.91% and a negative net margin of 5.06%. The company had revenue of $17.83 million for the quarter.

Institutional Trading of Franklin Wireless

Hedge funds and other institutional investors have recently modified their holdings of the company. Thompson Davis & CO. Inc. bought a new stake in shares of Franklin Wireless in the 4th quarter worth $142,000. Smith Moore & CO. raised its stake in shares of Franklin Wireless by 10.2% in the 4th quarter. Smith Moore & CO. now owns 48,542 shares of the company’s stock worth $238,000 after buying an additional 4,500 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Franklin Wireless by 13.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 53,410 shares of the company’s stock worth $262,000 after buying an additional 6,416 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Franklin Wireless by 29.0% in the 4th quarter. Renaissance Technologies LLC now owns 69,800 shares of the company’s stock worth $342,000 after acquiring an additional 15,700 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Franklin Wireless by 39.1% in the 3rd quarter. Geode Capital Management LLC now owns 99,859 shares of the company’s stock worth $457,000 after acquiring an additional 28,052 shares during the last quarter. 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.