EnerSyn Global Inc (NASDAQ:ESYN) Sees Large Drop in Short Interest

EnerSyn Global Inc (NASDAQ:ESYN) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 24,947 shares, a decline of 39.2% from the September 30th total of 41,034 shares. Based on an average daily volume of 15,560 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.7% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EnerSyn Global in a report on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

EnerSyn Global Stock Down 4.4%

ESYN opened at $1.75 on Friday. The firm has a market cap of $13.53 million, a price-to-earnings ratio of -4.61 and a beta of -0.25. EnerSyn Global has a fifty-two week low of $0.88 and a fifty-two week high of $2.81. The company’s 50-day moving average price is $2.27 and its 200 day moving average price is $1.58.

About EnerSyn Global

HWH International, Inc is a diversified holding company focused on businesses in the health and wellness, food and beverage, real estate, and technology sectors. Through its subsidiaries and affiliated businesses, the company seeks to develop and operate lifestyle-oriented products, services, and properties.

HWH International’s activities include health and wellness offerings, food and beverage concepts, real estate development and management, and technology-enabled business initiatives.