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

Orion Energy Systems, Inc. (NASDAQ:OESX) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 23,088 shares, an increase of 85.7% from the January 29th total of 12,432 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 73,823 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 73,823 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.6% of the shares of the company are sold short.

Orion Energy Systems Price Performance

Shares of NASDAQ:OESX traded down $0.49 during trading on Friday, hitting $11.12. 34,134 shares of the company’s stock were exchanged, compared to its average volume of 64,379. The business’s 50-day simple moving average is $15.05 and its 200 day simple moving average is $12.18. The company has a market cap of $45.04 million, a price-to-earnings ratio of -7.78 and a beta of 0.54. Orion Energy Systems has a 52-week low of $5.50 and a 52-week high of $18.64. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.35 and a quick ratio of 0.95.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Thursday, February 5th. The electronics maker reported $0.04 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $21.09 million during the quarter, compared to analysts’ expectations of $20.81 million. As a group, equities analysts predict that Orion Energy Systems will post -0.32 EPS for the current year.

Institutional Investors Weigh In On Orion Energy Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd bought a new stake in shares of Orion Energy Systems during the 4th quarter worth approximately $202,000. NewEdge Advisors LLC purchased a new stake in Orion Energy Systems in the fourth quarter worth $232,000. Marshall Wace LLP bought a new stake in shares of Orion Energy Systems during the fourth quarter worth $706,000. Tieton Capital Management LLC lifted its position in shares of Orion Energy Systems by 0.6% during the fourth 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 during the last quarter. Finally, North Star Investment Management Corp. grew its holdings in shares of Orion Energy Systems by 6.3% in the fourth quarter. North Star Investment Management Corp. now owns 407,452 shares of the electronics maker’s stock worth $6,267,000 after purchasing an additional 23,998 shares during the last quarter. 52.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OESX has been the topic of a number of research reports. 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 report 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 equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Orion Energy Systems has a consensus rating of “Hold” and an average price target of $17.50.

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.