Short Interest in Franklin Wireless Corp. (NASDAQ:FKWL) Grows By 185.6%

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

Institutional Trading of Franklin Wireless

A hedge fund recently raised its stake in Franklin Wireless stock. Dimensional Fund Advisors LP grew its position 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 SEC. The fund owned 40,968 shares of the company’s stock after buying an additional 17,469 shares during the quarter. Dimensional Fund Advisors LP owned 0.35% of Franklin Wireless worth $149,000 as of its most recent filing with the SEC. 18.49% of the stock is owned by institutional investors.

Franklin Wireless Price Performance

Shares of NASDAQ:FKWL opened at $4.93 on Thursday. The stock has a market cap of $58.10 million, a P/E ratio of -18.26 and a beta of 0.18. The firm has a fifty day moving average price of $4.48 and a 200 day moving average price of $4.25. Franklin Wireless has a 1-year low of $2.69 and a 1-year high of $5.09.

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.