Frequency Electronics, Inc. (NASDAQ:FEIM) Short Interest Update

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 17,200 shares, an increase of 23.7% from the March 15th total of 13,900 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 55,000 shares, the short-interest ratio is presently 0.3 days.

Insider Activity at Frequency Electronics

In other Frequency Electronics news, Director Russell M. Sarachek bought 2,161 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average cost of $15.77 per share, with a total value of $34,078.97. Following the completion of the purchase, the director now directly owns 464,080 shares in the company, valued at approximately $7,318,541.60. This trade represents a 0.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 26.10% of the company's stock.

Institutional Investors Weigh In On Frequency Electronics

Large investors have recently bought and sold shares of the business. Global Retirement Partners LLC bought a new stake in Frequency Electronics during the 4th quarter worth approximately $27,000. IFP Advisors Inc bought a new stake in Frequency Electronics during the 4th quarter worth approximately $85,000. JPMorgan Chase & Co. grew its position in Frequency Electronics by 373.6% during the 4th quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock worth $114,000 after acquiring an additional 4,860 shares during the last quarter. Barclays PLC bought a new position in Frequency Electronics in the 3rd quarter valued at $153,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Frequency Electronics in the 4th quarter valued at $238,000. 58.60% of the stock is currently owned by institutional investors.

Frequency Electronics Price Performance

Frequency Electronics stock traded up $0.10 during trading hours on Thursday, hitting $18.13. The company had a trading volume of 11,616 shares, compared to its average volume of 53,462. Frequency Electronics has a fifty-two week low of $8.62 and a fifty-two week high of $20.33. The firm's fifty day moving average is $15.92 and its 200-day moving average is $15.55. The firm has a market capitalization of $175.44 million, a P/E ratio of 22.11 and a beta of 0.43.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 earnings per share for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%. The company had revenue of $18.93 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Frequency Electronics from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 25th.

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.