Franklin Wireless Corp. (NASDAQ:FKWL) Short Interest Up 112.8% in February

Franklin Wireless Corp. (NASDAQ:FKWL) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 81,700 shares, an increase of 112.8% from the January 31st total of 38,400 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 39,500 shares, the short-interest ratio is currently 2.1 days.

Institutional Investors Weigh In On Franklin Wireless

Several large investors have recently added to or reduced their stakes in FKWL. Thompson Davis & CO. Inc. acquired a new stake in Franklin Wireless in the fourth quarter worth $142,000. Smith Moore & CO. grew its stake in Franklin Wireless by 10.2% during the fourth quarter. Smith Moore & CO. now owns 48,542 shares of the company’s stock worth $238,000 after buying an additional 4,500 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Franklin Wireless by 13.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 53,410 shares of the company’s stock valued at $262,000 after purchasing an additional 6,416 shares in the last quarter. Renaissance Technologies LLC raised its stake in Franklin Wireless by 29.0% in the 4th quarter. Renaissance Technologies LLC now owns 69,800 shares of the company’s stock worth $342,000 after purchasing an additional 15,700 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Franklin Wireless by 39.1% in the 3rd quarter. Geode Capital Management LLC now owns 99,859 shares of the company’s stock valued at $457,000 after buying an additional 28,052 shares in the last quarter. 18.49% of the stock is owned by institutional investors and hedge funds.

Franklin Wireless Stock Up 4.7 %

Shares of FKWL traded up $0.31 during trading on Friday, reaching $6.92. The company’s stock had a trading volume of 34,840 shares, compared to its average volume of 52,724. The company has a fifty day moving average of $5.36 and a two-hundred day moving average of $4.63. Franklin Wireless has a twelve month low of $2.69 and a twelve month high of $7.45. The company has a market cap of $81.52 million, a price-to-earnings ratio of -36.42 and a beta of 0.18.

Franklin Wireless (NASDAQ:FKWL) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.02 earnings per share (EPS) for the quarter. Franklin Wireless had a negative return on equity of 5.91% and a negative net margin of 5.06%. The firm had revenue of $17.83 million for the quarter.

Franklin Wireless Company Profile

Franklin Wireless Corp. provides integrated wireless solutions. The company's products include 5G/4G wireless broadband products, such as wi-fi mobile hotspot, fixed wireless routers, and enterprise gateway CPE; and IoT tracking and connected devices, including smart IoT tracking device, connected car, and home phone connect.