Frequency Electronics, Inc. (NASDAQ:FEIM) Sees Large Decline in Short Interest

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

Institutional Trading of Frequency Electronics

A number of hedge funds have recently made changes to their positions in the stock. G2 Investment Partners Management LLC bought a new position in Frequency Electronics during the 4th quarter valued at approximately $1,927,000. Marshall Wace LLP grew its stake in shares of Frequency Electronics by 108.7% in the fourth quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider's stock worth $1,884,000 after acquiring an additional 52,962 shares during the last quarter. Nokomis Capital L.L.C. bought a new position in shares of Frequency Electronics during the fourth quarter valued at $1,778,000. Geode Capital Management LLC raised its position in shares of Frequency Electronics by 26.3% in the 3rd quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider's stock worth $1,117,000 after purchasing an additional 19,259 shares during the last quarter. Finally, Susquehanna International Group LLP raised its position in shares of Frequency Electronics by 204.8% in the 4th quarter. Susquehanna International Group LLP now owns 83,538 shares of the communications equipment provider's stock worth $1,547,000 after purchasing an additional 56,134 shares during the last quarter. 58.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Frequency Electronics from a "buy" rating to a "strong-buy" rating in a report on Friday, December 20th.

Frequency Electronics Trading Down 2.2 %

NASDAQ FEIM traded down $0.39 during trading on Wednesday, hitting $16.92. The company had a trading volume of 37,843 shares, compared to its average volume of 48,895. The company's fifty day moving average is $17.72 and its 200-day moving average is $14.60. Frequency Electronics has a one year low of $8.62 and a one year high of $20.33. The company has a market cap of $162.55 million, a price-to-earnings ratio of 20.63 and a beta of 0.39.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last issued 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%.

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.