Franklin Wireless Corp. (NASDAQ:FKWL) Short Interest Update

Franklin Wireless Corp. (NASDAQ:FKWL) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 18,400 shares, a drop of 6.1% from the October 31st total of 19,600 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 11,600 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On Franklin Wireless

A hedge fund recently raised its stake in Franklin Wireless stock. Dimensional Fund Advisors LP boosted its stake in shares of Franklin Wireless Corp. (NASDAQ:FKWL) by 74.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,968 shares of the company’s stock after buying an additional 17,469 shares during the period. Dimensional Fund Advisors LP owned approximately 0.35% of Franklin Wireless worth $149,000 at the end of the most recent reporting period. 18.49% of the stock is currently owned by institutional investors.

Franklin Wireless Price Performance

Shares of FKWL opened at $4.30 on Wednesday. Franklin Wireless has a one year low of $2.69 and a one year high of $4.59. The company has a 50-day simple moving average of $4.30 and a two-hundred day simple moving average of $3.94. The firm has a market capitalization of $50.65 million, a PE ratio of -15.93 and a beta of 0.21.

Franklin Wireless (NASDAQ:FKWL) last released its quarterly earnings results on Monday, September 30th. The company reported ($0.15) earnings per share for the quarter. Franklin Wireless had a negative net margin of 9.26% and a negative return on equity of 8.43%. The firm had revenue of $6.12 million for the quarter.

About Franklin Wireless

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.