Franklin Wireless Corp. (NASDAQ:FKWL - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 81,700 shares, an increase of 112.8% from the January 31st total of 38,400 shares. Based on an average daily volume of 39,500 shares, the short-interest ratio is presently 2.1 days. Currently, 1.0% of the company's stock are sold short.
Franklin Wireless Price Performance
Shares of FKWL remained flat at $6.77 during midday trading on Wednesday. The stock had a trading volume of 20,585 shares, compared to its average volume of 20,992. Franklin Wireless has a 12-month low of $2.69 and a 12-month high of $7.45. The firm has a market cap of $79.75 million, a PE ratio of -35.63 and a beta of 0.32. The company's 50-day moving average is $5.45 and its two-hundred day moving average is $4.68.
Franklin Wireless (NASDAQ:FKWL - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.02 earnings per share (EPS) for the quarter. Franklin Wireless had a negative net margin of 5.06% and a negative return on equity of 5.91%. The firm had revenue of $17.83 million for the quarter.
Institutional Investors Weigh In On Franklin Wireless
A number of large investors have recently made changes to their positions in FKWL. Geode Capital Management LLC grew its holdings in shares of Franklin Wireless by 39.1% during the third quarter. Geode Capital Management LLC now owns 99,859 shares of the company's stock valued at $457,000 after buying an additional 28,052 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Franklin Wireless during the fourth quarter worth about $142,000. Smith Moore & CO. lifted its holdings in shares of Franklin Wireless by 10.2% during the fourth quarter. Smith Moore & CO. now owns 48,542 shares of the company's stock worth $238,000 after purchasing an additional 4,500 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Franklin Wireless by 29.0% during the fourth quarter. Renaissance Technologies LLC now owns 69,800 shares of the company's stock worth $342,000 after purchasing an additional 15,700 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Franklin Wireless by 13.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 53,410 shares of the company's stock worth $262,000 after purchasing an additional 6,416 shares during the period. 18.49% of the stock is owned by hedge funds and other institutional investors.
About Franklin Wireless
(
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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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