Energy Focus, Inc. (NASDAQ:EFOI) Sees Significant Growth in Short Interest

Energy Focus, Inc. (NASDAQ:EFOI) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 41,980 shares, an increase of 57.9% from the February 26th total of 26,588 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 20,485 shares, the short-interest ratio is currently 2.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Energy Focus in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Energy Focus has a consensus rating of “Sell”.

Energy Focus Stock Up 4.4%

Shares of EFOI stock traded up $0.08 on Friday, hitting $1.90. The stock had a trading volume of 26,557 shares, compared to its average volume of 17,817. Energy Focus has a one year low of $1.43 and a one year high of $3.56. The business has a 50 day moving average price of $1.96 and a 200 day moving average price of $2.32. The company has a market cap of $11.99 million, a PE ratio of -10.56 and a beta of 1.56.

Energy Focus (NASDAQ:EFOI) last posted its earnings results on Tuesday, March 24th. The construction company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($1.89) by $1.83. Energy Focus had a negative net margin of 28.85% and a negative return on equity of 31.83%. The business had revenue of $0.98 million for the quarter, compared to the consensus estimate of $3.89 million.

Institutional Trading of Energy Focus

Several hedge funds and other institutional investors have recently bought and sold shares of EFOI. Renaissance Technologies LLC bought a new stake in Energy Focus during the 4th quarter valued at $27,000. DRW Securities LLC bought a new stake in Energy Focus during the fourth quarter valued at about $37,000. Finally, Citadel Advisors LLC purchased a new position in Energy Focus in the third quarter valued at about $37,000. Institutional investors own 3.67% of the company’s stock.

Energy Focus Company Profile

Energy Focus, Inc is a United States–based innovator in sustainable lighting and disinfection solutions. The company designs, manufactures and sells high-performance LED lighting fixtures and lamps tailored for commercial, industrial and specialty applications. In addition to energy-efficient illumination products, Energy Focus offers ultraviolet-C (UV-C) germicidal lighting systems designed to inactivate microbes on surfaces and in the air, addressing growing demand for hygienic environments in healthcare, education, transportation and other sectors.

Founded in 1985 as a spin-out of U.S.