Franklin Wireless Corp. (NASDAQ:FKWL) Short Interest Up 80.2% in September

Franklin Wireless Corp. (NASDAQ:FKWL) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 22,700 shares, an increase of 80.2% from the September 15th total of 12,600 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 13,500 shares, the short-interest ratio is currently 1.7 days.

Franklin Wireless Trading Up 0.9 %

Shares of FKWL opened at $4.33 on Monday. The stock’s 50 day moving average is $4.21 and its two-hundred day moving average is $3.61. Franklin Wireless has a twelve month low of $2.69 and a twelve month high of $4.59. The firm has a market capitalization of $51.02 million, a PE ratio of -13.97 and a beta of 0.18.

Hedge Funds Weigh In On Franklin Wireless

A hedge fund recently raised its stake in Franklin Wireless stock. Dimensional Fund Advisors LP grew its holdings in Franklin Wireless Corp. (NASDAQ:FKWL) by 74.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,968 shares of the company’s stock after purchasing an additional 17,469 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.35% of Franklin Wireless worth $149,000 at the end of the most recent quarter. Institutional investors own 18.49% of the company’s stock.

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.