Franklin Financial Services Co. (NASDAQ:FRAF) Short Interest Update

Franklin Financial Services Co. (NASDAQ:FRAF) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 5,200 shares, a decrease of 21.2% from the December 15th total of 6,600 shares. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the shares of the company are sold short.

Franklin Financial Services Stock Performance

FRAF traded up $1.15 during midday trading on Thursday, reaching $32.90. The company’s stock had a trading volume of 13,144 shares, compared to its average volume of 9,791. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.60. The company has a fifty day simple moving average of $31.92 and a 200 day simple moving average of $31.02. The stock has a market cap of $145.42 million, a P/E ratio of 10.38 and a beta of 0.33. Franklin Financial Services has a twelve month low of $25.11 and a twelve month high of $34.15.

Institutional Investors Weigh In On Franklin Financial Services

Several hedge funds and other institutional investors have recently modified their holdings of FRAF. Fourthstone LLC raised its stake in Franklin Financial Services by 0.3% during the 3rd quarter. Fourthstone LLC now owns 440,745 shares of the company’s stock valued at $13,280,000 after purchasing an additional 1,507 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Franklin Financial Services by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 40,030 shares of the company’s stock worth $1,132,000 after purchasing an additional 5,183 shares in the last quarter. Empowered Funds LLC increased its holdings in Franklin Financial Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 31,672 shares of the company’s stock valued at $954,000 after buying an additional 1,608 shares during the period. Renaissance Technologies LLC raised its position in Franklin Financial Services by 25.0% in the second quarter. Renaissance Technologies LLC now owns 16,506 shares of the company’s stock worth $467,000 after purchasing an additional 3,306 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Franklin Financial Services during the third quarter worth about $205,000. Institutional investors and hedge funds own 24.80% of the company’s stock.

About Franklin Financial Services

Franklin Financial Services Corporation operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities, and non-profit organizations in Pennsylvania. It offers various deposit products, including checking, savings, money management, and time deposit accounts, as well as demand deposits.