Franklin Wireless Corp. (NASDAQ:FKWL) Sees Large Increase in Short Interest

Franklin Wireless Corp. (NASDAQ:FKWLGet Free Report) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 12,800 shares, an increase of 9.4% from the February 29th total of 11,700 shares. Based on an average trading volume of 19,200 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are sold short.

Franklin Wireless Trading Down 0.7 %

Franklin Wireless stock traded down $0.02 during midday trading on Wednesday, reaching $2.90. 1,127 shares of the company were exchanged, compared to its average volume of 17,305. The firm’s 50-day simple moving average is $2.91 and its 200-day simple moving average is $2.99. Franklin Wireless has a 1 year low of $2.69 and a 1 year high of $4.93.

Franklin Wireless (NASDAQ:FKWLGet Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $8.85 million for the quarter. Franklin Wireless had a negative return on equity of 5.88% and a negative net margin of 5.03%.

About Franklin Wireless

(Get Free Report)

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.

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