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

Frequency Electronics, Inc. (NASDAQ:FEIM) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 38,200 shares, a drop of 8.2% from the March 31st total of 41,600 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 27,300 shares, the short-interest ratio is currently 1.4 days.

Frequency Electronics Trading Up 0.8 %

Shares of Frequency Electronics stock traded up $0.08 on Monday, hitting $9.80. 2,966 shares of the company traded hands, compared to its average volume of 23,843. Frequency Electronics has a 12-month low of $6.22 and a 12-month high of $11.41. The firm’s 50-day simple moving average is $10.33 and its 200 day simple moving average is $9.81. The company has a market cap of $93.00 million, a P/E ratio of 28.82 and a beta of 0.46.

Frequency Electronics (NASDAQ:FEIM) last issued its quarterly earnings results on Thursday, March 14th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter. Frequency Electronics had a return on equity of 9.12% and a net margin of 6.10%. The firm had revenue of $13.71 million during the quarter.

Insider Activity at Frequency Electronics

In other Frequency Electronics news, Director Edenbrook Capital, Llc purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was purchased at an average price of $9.94 per share, for a total transaction of $99,400.00. Following the transaction, the director now owns 1,602,306 shares in the company, valued at approximately $15,926,921.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders acquired 12,260 shares of company stock valued at $121,064. Company insiders own 26.40% of the company’s stock.

Institutional Trading of Frequency Electronics

Several hedge funds and other institutional investors have recently bought and sold shares of FEIM. Villere ST Denis J & Co. LLC raised its position in Frequency Electronics by 32.0% in the 1st quarter. Villere ST Denis J & Co. LLC now owns 13,200 shares of the communications equipment provider’s stock worth $144,000 after purchasing an additional 3,200 shares during the period. Hillsdale Investment Management Inc. bought a new position in shares of Frequency Electronics during the fourth quarter valued at about $170,000. First United Bank & Trust purchased a new position in shares of Frequency Electronics in the fourth quarter worth about $55,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Frequency Electronics in the 4th quarter valued at about $199,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Frequency Electronics by 51.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 40,150 shares of the communications equipment provider’s stock valued at $279,000 after acquiring an additional 13,700 shares during the period. Hedge funds and other institutional investors own 58.60% of the company’s stock.

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.