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

Orion Energy Systems, Inc. (NASDAQ:OESX) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 91,500 shares, a growth of 32.6% from the January 15th total of 69,000 shares. Based on an average daily volume of 76,600 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

Several research firms have weighed in on OESX. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Orion Energy Systems in a research note on Wednesday. StockNews.com initiated coverage on Orion Energy Systems in a research note on Saturday. They set a “hold” rating for the company.

Institutional Trading of Orion Energy Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. increased its holdings in Orion Energy Systems by 1.2% in the third quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock valued at $3,370,000 after purchasing an additional 47,300 shares during the period. Grace & White Inc. NY boosted its position in shares of Orion Energy Systems by 1.9% during the 4th quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock worth $2,197,000 after purchasing an additional 50,138 shares in the last quarter. Tieton Capital Management LLC boosted its position in shares of Orion Energy Systems by 25.6% during the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock worth $2,130,000 after purchasing an additional 541,773 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Orion Energy Systems by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after purchasing an additional 25,816 shares in the last quarter. Finally, Mariner LLC bought a new position in Orion Energy Systems in the 4th quarter valued at about $35,000. 52.59% of the stock is currently owned by institutional investors and hedge funds.

Orion Energy Systems Price Performance

Shares of NASDAQ:OESX traded up $0.02 during trading on Friday, hitting $0.83. 43,681 shares of the company were exchanged, compared to its average volume of 39,353. The business’s 50 day moving average is $0.81 and its 200-day moving average is $0.87. The company has a market capitalization of $27.32 million, a P/E ratio of -3.32 and a beta of 1.36. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. Orion Energy Systems has a 1-year low of $0.68 and a 1-year high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.76% and a negative return on equity of 48.81%. Equities analysts forecast that Orion Energy Systems will post -0.3 earnings per share for the current year.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).