Orion Energy Systems, Inc. (NASDAQ:OESX) Short Interest Up 140.1% in August

Orion Energy Systems, Inc. (NASDAQ:OESX) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 54,844 shares, a growth of 140.1% from the July 30th total of 22,841 shares. Based on an average trading volume of 157,478 shares, the short-interest ratio is presently 0.3 days. Currently, 1.4% of the company’s stock are sold short.

Orion Energy Systems Stock Down 0.5%

OESX traded down $0.13 during trading hours on Friday, hitting $26.50. 174,517 shares of the company’s stock were exchanged, compared to its average volume of 121,793. The stock’s 50-day moving average is $14.20 and its two-hundred day moving average is $11.51. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. Orion Energy Systems has a 1-year low of $6.87 and a 1-year high of $27.37. The stock has a market cap of $108.39 million, a price-to-earnings ratio of -530.00 and a beta of 0.77.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.40. Orion Energy Systems had a return on equity of 11.66% and a net margin of 0.04%.The company had revenue of $25.74 million for the quarter, compared to analysts’ expectations of $23.56 million. Sell-side analysts predict that Orion Energy Systems will post 0.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OESX has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. Wall Street Zen upgraded Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. HC Wainwright reaffirmed a “buy” rating and set a $30.00 price objective on shares of Orion Energy Systems in a research report on Thursday, August 6th. Finally, Zacks Research upgraded Orion Energy Systems from a “strong sell” rating to a “strong-buy” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Tieton Capital Management LLC acquired a new stake in Orion Energy Systems in the 2nd quarter valued at about $3,326,000. NewEdge Advisors LLC increased its position in Orion Energy Systems by 60.1% during the first quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock worth $211,000 after buying an additional 9,058 shares during the last quarter. Renaissance Technologies LLC raised its stake in Orion Energy Systems by 32.4% in the first quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock valued at $1,560,000 after buying an additional 43,693 shares during the period. Sei Investments Co. raised its stake in Orion Energy Systems by 114.3% in the first quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock valued at $1,137,000 after buying an additional 69,387 shares during the period. Finally, North Star Investment Management Corp. lifted its position in shares of Orion Energy Systems by 29.0% in the first quarter. North Star Investment Management Corp. now owns 525,552 shares of the electronics maker’s stock valued at $4,593,000 after buying an additional 118,100 shares during the last quarter. 52.59% of the stock is currently owned by institutional investors and hedge funds.

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.