Franklin Wireless Corp. (NASDAQ:FKWL) Short Interest Up 185.6% in January

Franklin Wireless Corp. (NASDAQ:FKWL) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 31,700 shares, an increase of 185.6% from the December 31st total of 11,100 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 17,100 shares, the short-interest ratio is currently 1.9 days.

Institutional Trading of Franklin Wireless

An institutional investor recently raised its position in Franklin Wireless stock. Dimensional Fund Advisors LP grew its position in Franklin Wireless Corp. (NASDAQ:FKWL) by 74.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 40,968 shares of the company’s stock after buying an additional 17,469 shares during the period. Dimensional Fund Advisors LP owned 0.35% of Franklin Wireless worth $149,000 at the end of the most recent reporting period. Institutional investors own 18.49% of the company’s stock.

Franklin Wireless Stock Performance

Shares of FKWL stock traded down $0.08 during mid-day trading on Friday, reaching $4.96. The company’s stock had a trading volume of 571 shares, compared to its average volume of 23,276. The company has a market cap of $58.37 million, a P/E ratio of -18.35 and a beta of 0.18. The firm’s 50-day moving average is $4.65 and its two-hundred day moving average is $4.36. Franklin Wireless has a 1-year low of $2.69 and a 1-year high of $5.30.

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.