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

Orion Energy Systems, Inc. (NASDAQ:OESX) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 110,735 shares, a growth of 101.9% from the August 15th total of 54,844 shares. Currently, 2.9% of the shares of the stock are short sold. Based on an average trading volume of 101,216 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on OESX shares. Zacks Research lowered shares of Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Weiss Ratings raised Orion Energy Systems from a “sell (d-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Wall Street Zen upgraded Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, HC Wainwright reissued a “buy” rating and issued a $30.00 target price on shares of Orion Energy Systems in a research note on Thursday, August 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Orion Energy Systems Trading Down 7.2%

Orion Energy Systems stock traded down $1.96 during trading hours on Monday, reaching $25.29. 83,762 shares of the company’s stock traded hands, compared to its average volume of 62,060. The firm has a market capitalization of $103.44 million, a price-to-earnings ratio of -505.80 and a beta of 0.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.54. Orion Energy Systems has a fifty-two week low of $7.84 and a fifty-two week high of $31.00. The firm’s 50 day moving average is $17.10 and its 200-day moving average is $12.38.

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

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.