Short Interest in Frequency Electronics, Inc. (NASDAQ:FEIM) Rises By 45.0%

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 30,300 shares, a growth of 45.0% from the November 30th total of 20,900 shares. Based on an average daily volume of 62,100 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the shares of the stock are short sold.

Frequency Electronics Trading Down 4.0 %

Shares of FEIM traded down $0.78 during mid-day trading on Monday, reaching $18.64. 48,171 shares of the stock traded hands, compared to its average volume of 54,429. The company has a market cap of $179.15 million, a price-to-earnings ratio of 22.73 and a beta of 0.48. Frequency Electronics has a 1 year low of $8.62 and a 1 year high of $20.33. The firm has a fifty day moving average price of $14.55 and a 200 day moving average price of $12.77.

Hedge Funds Weigh In On Frequency Electronics

A number of institutional investors have recently added to or reduced their stakes in FEIM. Evernest Financial Advisors LLC purchased a new stake in shares of Frequency Electronics during the 3rd quarter valued at $124,000. Barclays PLC bought a new position in Frequency Electronics in the third quarter valued at $153,000. XTX Topco Ltd purchased a new stake in Frequency Electronics during the third quarter valued at about $189,000. Thompson Davis & CO. Inc. lifted its stake in Frequency Electronics by 43.3% during the third quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider's stock worth $920,000 after purchasing an additional 23,009 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings 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 in the last quarter. 58.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

About Frequency Electronics

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.