Energy Focus, Inc. (NASDAQ:EFOI) Short Interest Down 32.0% in March

by · The Cerbat Gem

Energy Focus, Inc. (NASDAQ:EFOI – Get Free Report) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 26,100 shares, a drop of 32.0% from the March 15th total of 38,400 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 1,240,000 shares, the short-interest ratio is presently 0.0 days.

Energy Focus Price Performance

Shares of EFOI stock traded up $0.09 on Friday, hitting $1.80. 2,779 shares of the stock traded hands, compared to its average volume of 332,096. The company’s fifty day moving average is $1.96 and its 200 day moving average is $1.54. Energy Focus has a 1-year low of $1.14 and a 1-year high of $2.95. The company has a market capitalization of $9.47 million, a PE ratio of -4.62 and a beta of 1.63.

Energy Focus (NASDAQ:EFOI – Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The construction company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $1.28 million during the quarter. Energy Focus had a negative return on equity of 71.48% and a negative net margin of 35.77%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Energy Focus in a report on Saturday. They issued a “sell” rating for the company.

View Our Latest Report on EFOI

About Energy Focus

(Get Free Report)

Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems, and controls and ultraviolet-C light disinfection products in the United States and internationally. It offers military maritime market light-emitting diode (LED) lighting products, such as Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED; and Military-grade fixtures, including LED globe lights, berth lights; high-bay fixtures and LED retrofit kits to serve the United States navy and allied foreign navies.

Featured Articles