Frequency Electronics, Inc. (NASDAQ:FEIM) Short Interest Down 51.1% in January

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

Frequency Electronics Stock Performance

NASDAQ:FEIM opened at $17.47 on Friday. The firm’s fifty day moving average is $17.45 and its 200-day moving average is $14.49. Frequency Electronics has a 52 week low of $8.62 and a 52 week high of $20.33. The firm has a market cap of $167.90 million, a P/E ratio of 21.31 and a beta of 0.39.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

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

Frequency Electronics Company Profile

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.