Orion Energy Systems, Inc. (NASDAQ:OESX) Short Interest Down 51.2% in December

Orion Energy Systems, Inc. (NASDAQ:OESX) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 12,872 shares, a decrease of 51.2% from the December 15th total of 26,392 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 55,483 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 55,483 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on OESX shares. Zacks Research upgraded Orion Energy Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. Wall Street Zen upgraded Orion Energy Systems to a “strong-buy” rating in a research note on Saturday, December 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Energy Systems in a research report on Friday. Finally, HC Wainwright upped their price objective on shares of Orion Energy Systems to $20.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.50.

Institutional Trading of Orion Energy Systems

A hedge fund recently raised its stake in Orion Energy Systems stock. Grace & White Inc. NY raised its holdings in Orion Energy Systems, Inc. (NASDAQ:OESX) by 3.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,884,085 shares of the electronics maker’s stock after purchasing an additional 99,499 shares during the period. Grace & White Inc. NY owned approximately 8.66% of Orion Energy Systems worth $1,731,000 at the end of the most recent quarter. Institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Stock Performance

NASDAQ:OESX traded up $0.68 during mid-day trading on Wednesday, hitting $17.34. 75,533 shares of the stock were exchanged, compared to its average volume of 59,198. The firm’s 50-day simple moving average is $15.37 and its 200 day simple moving average is $10.29. The stock has a market capitalization of $61.23 million, a price-to-earnings ratio of -8.80 and a beta of 0.53. Orion Energy Systems has a fifty-two week low of $5.50 and a fifty-two week high of $18.63. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.90 and a current ratio of 1.34.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Wednesday, November 5th. The electronics maker reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.55. The firm had revenue of $19.92 million for the quarter, compared to analyst estimates of $20.30 million. Orion Energy Systems had a negative return on equity of 43.64% and a negative net margin of 7.81%. As a group, equities analysts anticipate that Orion Energy Systems will post -0.32 EPS for the current fiscal year.

About Orion Energy Systems

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.