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

Frequency Electronics, Inc. (NASDAQ:FEIM) was the recipient of a significant decrease in short interest in 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. Based on an average trading volume of 77,100 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Frequency Electronics Price Performance

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

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings results 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%.

Institutional Trading of Frequency Electronics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in Frequency Electronics during the fourth quarter valued at $27,000. IFP Advisors Inc acquired a new stake in Frequency Electronics during the fourth quarter valued at $85,000. JPMorgan Chase & Co. grew its position in Frequency Electronics by 373.6% during the fourth quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider’s stock valued at $114,000 after buying an additional 4,860 shares during the period. Evernest Financial Advisors LLC acquired a new stake in Frequency Electronics during the third quarter valued at $124,000. Finally, Barclays PLC purchased a new position in Frequency Electronics during the third quarter valued at $153,000. Institutional investors and hedge funds own 58.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Frequency Electronics from a “buy” rating to a “strong-buy” rating in a research note 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.