Franklin Financial Services Co. (NASDAQ:FRAF) Sees Significant Decrease in Short Interest

Franklin Financial Services Co. (NASDAQ:FRAF - Get Free Report) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 5,200 shares, a drop of 21.2% from the December 15th total of 6,600 shares. Currently, 0.1% of the company's shares are short sold. Based on an average daily volume of 4,800 shares, the short-interest ratio is presently 1.1 days.

Franklin Financial Services Trading Up 0.6 %

FRAF stock traded up $0.19 during trading on Friday, reaching $33.40. 14,186 shares of the stock were exchanged, compared to its average volume of 10,544. The business has a 50 day moving average price of $31.92 and a 200-day moving average price of $31.03. Franklin Financial Services has a 1 year low of $25.11 and a 1 year high of $34.15. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $147.49 million, a price-to-earnings ratio of 10.54 and a beta of 0.33.

Institutional Trading of Franklin Financial Services

Several institutional investors have recently made changes to their positions in FRAF. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Franklin Financial Services during the third quarter worth $205,000. Dimensional Fund Advisors LP increased its position in shares of Franklin Financial Services by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 40,030 shares of the company's stock worth $1,132,000 after purchasing an additional 5,183 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Franklin Financial Services by 25.0% in the 2nd quarter. Renaissance Technologies LLC now owns 16,506 shares of the company's stock valued at $467,000 after buying an additional 3,306 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in Franklin Financial Services in the second quarter valued at about $58,000. Finally, Empowered Funds LLC lifted its position in Franklin Financial Services by 5.3% in the third quarter. Empowered Funds LLC now owns 31,672 shares of the company's stock valued at $954,000 after buying an additional 1,608 shares during the last quarter. Hedge funds and other institutional investors own 24.80% of the company's stock.

Franklin Financial Services Company Profile

Franklin Financial Services Corporation operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities, and non-profit organizations in Pennsylvania. It offers various deposit products, including checking, savings, money management, and time deposit accounts, as well as demand deposits.