Energy Focus, Inc. (NASDAQ:EFOI) Sees Large Increase in Short Interest

Energy Focus, Inc. (NASDAQ:EFOIGet Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 27,700 shares, an increase of 22.0% from the September 30th total of 22,700 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average trading volume of 6,300 shares, the short-interest ratio is presently 4.4 days.

Energy Focus Stock Down 5.7 %

Shares of NASDAQ EFOI traded down $0.08 during midday trading on Wednesday, hitting $1.32. The company had a trading volume of 1,469 shares, compared to its average volume of 80,064. Energy Focus has a twelve month low of $1.14 and a twelve month high of $2.90. The business has a 50-day simple moving average of $1.33 and a two-hundred day simple moving average of $1.45. The firm has a market capitalization of $6.24 million, a price-to-earnings ratio of -2.20 and a beta of 1.79.

Energy Focus (NASDAQ:EFOIGet Free Report) last announced its quarterly earnings data on Monday, August 12th. The construction company reported ($0.12) EPS for the quarter. Energy Focus had a negative net margin of 45.19% and a negative return on equity of 86.25%. The company had revenue of $1.55 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Energy Focus in a report on Friday, October 25th. They issued a “sell” rating on the stock.

Read Our Latest Research Report on EFOI

Energy Focus Company Profile

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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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