Bel Fuse Inc. (NASDAQ:BELFA – Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 160,200 shares, a growth of 47.9% from the June 30th total of 108,300 shares. Based on an average daily volume of 17,600 shares, the days-to-cover ratio is presently 9.1 days. Approximately 10.1% of the shares of the company are short sold.
Institutional Trading of Bel Fuse
A number of hedge funds and other institutional investors have recently made changes to their positions in BELFA. Bank of New York Mellon Corp acquired a new stake in Bel Fuse during the second quarter valued at $444,000. Janney Montgomery Scott LLC grew its position in Bel Fuse by 8.8% during the first quarter. Janney Montgomery Scott LLC now owns 13,123 shares of the scientific and technical instruments company’s stock valued at $929,000 after buying an additional 1,063 shares during the period. Finally, Brown Advisory Inc. acquired a new stake in Bel Fuse during the fourth quarter valued at $2,442,000. Institutional investors and hedge funds own 6.01% of the company’s stock.
Bel Fuse Stock Performance
Bel Fuse stock traded up $1.32 during mid-day trading on Friday, reaching $90.76. 6,892 shares of the company traded hands, compared to its average volume of 27,376. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.70. Bel Fuse has a fifty-two week low of $38.82 and a fifty-two week high of $91.24. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 16.12 and a beta of 1.36. The firm’s fifty day moving average is $81.76 and its two-hundred day moving average is $73.52.
Bel Fuse Company Profile
Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.
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