Short Interest in Energy Focus, Inc. (NASDAQ:EFOI) Grows By 39.0%

Energy Focus, Inc. (NASDAQ:EFOI) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 58,368 shares, an increase of 39.0% from the March 15th total of 41,980 shares. Based on an average daily volume of 14,869 shares, the short-interest ratio is presently 3.9 days. Currently, 1.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new stake in shares of Energy Focus in the fourth quarter valued at approximately $27,000. DRW Securities LLC purchased a new stake in shares of Energy Focus in the fourth quarter valued at approximately $37,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Energy Focus in the third quarter valued at approximately $37,000. 3.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Focus in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Energy Focus Price Performance

NASDAQ:EFOI traded down $0.02 during trading hours on Wednesday, reaching $2.11. The company had a trading volume of 4,280 shares, compared to its average volume of 18,748. Energy Focus has a 1-year low of $1.43 and a 1-year high of $3.56. The firm has a market cap of $13.31 million, a PE ratio of -11.72 and a beta of 1.50. The business’s 50 day moving average price is $1.88 and its 200-day moving average price is $2.24.

Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings results on Tuesday, March 24th. The construction company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.89) by $1.83. Energy Focus had a negative return on equity of 31.83% and a negative net margin of 28.85%.The company had revenue of $0.98 million during the quarter, compared to the consensus estimate of $3.89 million.

Energy Focus Company Profile

Energy Focus, Inc is a United States–based innovator in sustainable lighting and disinfection solutions. The company designs, manufactures and sells high-performance LED lighting fixtures and lamps tailored for commercial, industrial and specialty applications. In addition to energy-efficient illumination products, Energy Focus offers ultraviolet-C (UV-C) germicidal lighting systems designed to inactivate microbes on surfaces and in the air, addressing growing demand for hygienic environments in healthcare, education, transportation and other sectors.

Founded in 1985 as a spin-out of U.S.