Short Interest in Bel Fuse Inc. (NASDAQ:BELFA) Grows By 90.3%

Bel Fuse Inc. (NASDAQ:BELFAGet Free Report) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 17,700 shares, a growth of 90.3% from the January 15th total of 9,300 shares. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is presently 4.5 days. Currently, 1.1% of the company’s shares are sold short.

Bel Fuse Trading Up 1.4 %

NASDAQ BELFA traded up $1.07 during trading hours on Monday, reaching $76.01. The company had a trading volume of 3,922 shares, compared to its average volume of 4,939. The stock has a 50-day moving average of $64.06 and a 200 day moving average of $54.30. Bel Fuse has a 1-year low of $31.15 and a 1-year high of $76.78. The company has a current ratio of 3.08, a quick ratio of 1.90 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $971.41 million, a P/E ratio of 13.36 and a beta of 1.46.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake in Bel Fuse by 2.5% during the second quarter. Renaissance Technologies LLC now owns 24,400 shares of the scientific and technical instruments company’s stock worth $525,000 after purchasing an additional 600 shares during the period. Tower Research Capital LLC TRC increased its stake in Bel Fuse by 514.9% during the third quarter. Tower Research Capital LLC TRC now owns 1,033 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 865 shares during the period. Dimensional Fund Advisors LP increased its stake in Bel Fuse by 4.3% during the third quarter. Dimensional Fund Advisors LP now owns 96,706 shares of the scientific and technical instruments company’s stock worth $2,703,000 after purchasing an additional 3,976 shares during the period. Morgan Stanley increased its stake in Bel Fuse by 40.6% during the fourth quarter. Morgan Stanley now owns 1,784 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 515 shares during the period. Finally, UBS Group AG purchased a new stake in Bel Fuse during the first quarter worth about $134,000. Institutional investors and hedge funds own 5.29% of the company’s stock.

Bel Fuse Company Profile

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Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.

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