Frequency Electronics, Inc. (NASDAQ:FEIM) Short Interest Up 45.0% in December

Frequency Electronics, Inc. (NASDAQ:FEIM) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 30,300 shares, an increase of 45.0% from the November 30th total of 20,900 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 62,100 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FEIM. Barclays PLC acquired a new stake in Frequency Electronics during the 3rd quarter valued at $153,000. Geode Capital Management LLC lifted its position in shares of Frequency Electronics by 26.3% in the third quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock valued at $1,117,000 after acquiring an additional 19,259 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Frequency Electronics during the third quarter valued at $189,000. Thompson Davis & CO. Inc. increased its position in 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 worth $920,000 after purchasing an additional 23,009 shares in the last quarter. Finally, Evernest Financial Advisors LLC acquired a new position in Frequency Electronics in the 3rd quarter valued at about $124,000. 58.60% of the stock is owned by hedge funds and other institutional investors.

Frequency Electronics Stock Performance

NASDAQ FEIM traded down $0.29 during trading hours on Monday, reaching $19.13. The company’s stock had a trading volume of 14,114 shares, compared to its average volume of 54,292. The company’s 50-day moving average is $14.43 and its two-hundred day moving average is $12.70. Frequency Electronics has a fifty-two week low of $8.62 and a fifty-two week high of $20.33. The stock has a market cap of $183.86 million, a PE ratio of 23.33 and a beta of 0.48.

Analyst Ratings Changes

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

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.