Acorn Energy, Inc. (OTCMKTS:ACFN) Short Interest Up 200.0% in April

Acorn Energy, Inc. (OTCMKTS:ACFN) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 300 shares, a growth of 200.0% from the March 31st total of 100 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 10,300 shares, the days-to-cover ratio is currently 0.0 days.

Acorn Energy Stock Performance

Shares of ACFN stock opened at $14.70 on Monday. The company has a market capitalization of $36.62 million, a P/E ratio of 31.96 and a beta of 0.37. Acorn Energy has a fifty-two week low of $7.00 and a fifty-two week high of $19.50. The stock has a 50 day moving average price of $15.88 and a two-hundred day moving average price of $16.46.

Acorn Energy (OTCMKTS:ACFN) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.31 earnings per share (EPS) for the quarter. The company had revenue of $3.53 million for the quarter. Acorn Energy had a negative return on equity of 275.24% and a net margin of 11.80%.

Acorn Energy Company Profile

Acorn Energy, Inc, together with its subsidiaries, develops and markets wireless remote monitoring and control systems for various markets in the United States and internationally. It operates in two segments, Power Generation (PG) Monitoring and Cathodic Protection (CP) Monitoring. The PG segment provides wireless remote monitoring and control systems, and services for critical assets, which include stand-by power generators, pumps, pumpjacks, light towers, turbines, compressors, fire pumps, and other industrial equipment; and Internet of Things applications.