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

Franklin Wireless Corp. (NASDAQ:FKWL) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 14,500 shares, a growth of 27.2% from the June 30th total of 11,400 shares. Based on an average daily trading volume, of 14,800 shares, the short-interest ratio is currently 1.0 days. Currently, 0.2% of the shares of the stock are short sold.

Franklin Wireless Price Performance

Shares of Franklin Wireless stock traded up $0.02 during trading on Tuesday, hitting $4.30. The stock had a trading volume of 908 shares, compared to its average volume of 14,922. The firm’s fifty day simple moving average is $3.45 and its 200-day simple moving average is $3.13. Franklin Wireless has a 12 month low of $2.69 and a 12 month high of $4.48.

Franklin Wireless (NASDAQ:FKWL) last released its earnings results on Wednesday, May 15th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $6.18 million during the quarter. Franklin Wireless had a negative return on equity of 9.95% and a negative net margin of 9.13%.

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.