Franklin Wireless Corp. (NASDAQ:FKWL - Get Free Report) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 31,700 shares, an increase of 185.6% from the December 15th total of 11,100 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,100 shares, the short-interest ratio is currently 1.9 days.
Franklin Wireless Stock Up 0.6 %
NASDAQ:FKWL traded up $0.03 during mid-day trading on Tuesday, reaching $4.98. 10,261 shares of the company were exchanged, compared to its average volume of 17,783. Franklin Wireless has a 12 month low of $2.69 and a 12 month high of $5.09. The stock has a market cap of $58.68 million, a PE ratio of -18.44 and a beta of 0.18. The company has a fifty day moving average of $4.45 and a 200 day moving average of $4.23.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Franklin Wireless stock. Geode Capital Management LLC lifted its position in shares of Franklin Wireless Corp. (NASDAQ:FKWL - Free Report) by 39.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,859 shares of the company's stock after acquiring an additional 28,052 shares during the quarter. Geode Capital Management LLC owned approximately 0.85% of Franklin Wireless worth $457,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 18.49% of the company's stock.
Franklin Wireless Company Profile
(
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Franklin Wireless Corp. provides integrated wireless solutions. The company's products include 5G/4G wireless broadband products, such as wi-fi mobile hotspot, fixed wireless routers, and enterprise gateway CPE; and IoT tracking and connected devices, including smart IoT tracking device, connected car, and home phone connect.
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