Orion Energy Systems, Inc. (NASDAQ:OESX) Short Interest Update

Orion Energy Systems, Inc. (NASDAQ:OESX) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 12,432 shares, a decrease of 13.6% from the January 15th total of 14,390 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 69,648 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 69,648 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Trading of Orion Energy Systems

Several institutional investors and hedge funds have recently modified their holdings of OESX. Marshall Wace LLP acquired a new stake in Orion Energy Systems in the fourth quarter valued at about $706,000. Tieton Capital Management LLC increased its position in Orion Energy Systems by 0.6% during the 4th quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker’s stock worth $3,940,000 after purchasing an additional 1,580 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its stake in Orion Energy Systems by 6.3% in the 4th quarter. North Star Investment Management Corp. now owns 407,452 shares of the electronics maker’s stock valued at $6,267,000 after purchasing an additional 23,998 shares during the last quarter. 52.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on OESX. Weiss Ratings reissued a “sell (d-)” rating on shares of Orion Energy Systems in a report on Friday, January 9th. Wall Street Zen upgraded Orion Energy Systems to a “strong-buy” rating in a research note on Saturday, December 6th. Finally, Zacks Research cut Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.50.

Orion Energy Systems Price Performance

Shares of NASDAQ OESX traded down $0.15 during mid-day trading on Tuesday, reaching $12.82. The company had a trading volume of 27,965 shares, compared to its average volume of 66,562. Orion Energy Systems has a one year low of $5.50 and a one year high of $18.64. The business’s 50-day simple moving average is $15.92 and its 200 day simple moving average is $11.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.95 and a current ratio of 1.35. The firm has a market cap of $51.90 million, a price-to-earnings ratio of -8.96 and a beta of 0.54.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Thursday, February 5th. The electronics maker reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22. Orion Energy Systems had a negative net margin of 5.62% and a negative return on equity of 31.62%. The firm had revenue of $21.09 million for the quarter, compared to the consensus estimate of $20.81 million. On average, research analysts predict that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

Orion Energy Systems Company Profile

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.