Bel Fuse, Inc. (NASDAQ:BELFA) Short Interest Down 46.2% in June
Bel Fuse, Inc. (NASDAQ:BELFA) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 2,800 shares, a decrease of 46.2% from the May 30th total of 5,200 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is presently 3.1 days. Approximately 0.2% of the shares of the company are sold short.
Shares of NASDAQ:BELFA traded down $0.16 on Thursday, reaching $14.70. The company’s stock had a trading volume of 346 shares, compared to its average volume of 1,118. The business has a 50-day moving average price of $15.69. Bel Fuse has a 52-week low of $12.85 and a 52-week high of $25.79. The company has a quick ratio of 1.75, a current ratio of 3.12 and a debt-to-equity ratio of 0.69. The company has a market cap of $180.06 million, a PE ratio of 8.25 and a beta of 1.88.
Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings results on Thursday, May 2nd. The scientific and technical instruments company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.10). The firm had revenue of $125.39 million for the quarter. Bel Fuse had a return on equity of 13.75% and a net margin of 4.17%.
About Bel Fuse
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
Recommended Story: Market Perform
Receive News & Ratings for Bel Fuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bel Fuse and related companies with MarketBeat.com's FREE daily email newsletter.