Energy Focus, Inc. (NASDAQ:EFOI – Get Free Report) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 37,700 shares, a decline of 46.2% from the February 29th total of 70,100 shares. Based on an average trading volume of 232,500 shares, the short-interest ratio is presently 0.2 days. Currently, 1.3% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on shares of Energy Focus in a report on Saturday, March 23rd. They set a “sell” rating on the stock.
Read Our Latest Stock Report on Energy Focus
Institutional Trading of Energy Focus
Energy Focus Stock Performance
EFOI stock traded up $0.02 during trading on Thursday, reaching $1.59. 4,777 shares of the company were exchanged, compared to its average volume of 247,293. The company has a market cap of $7.06 million, a P/E ratio of -0.57 and a beta of 1.86. Energy Focus has a 52-week low of $1.20 and a 52-week high of $4.13. The stock’s 50 day moving average price is $1.59 and its 200 day moving average price is $1.64.
About Energy Focus
Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems, and controls and ultraviolet-C light disinfection products in the United States and internationally. It offers military maritime market light-emitting diode (LED) lighting products, such as Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED; and Military-grade fixtures, including LED globe lights, berth lights; high-bay fixtures and LED retrofit kits to serve the United States navy and allied foreign navies.
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