Short Interest in Telkonet Inc. (OTCMKTS:TKOI) Drops By 48.4%

Telkonet Inc. (OTCMKTS:TKOI) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 25,299 shares, a decrease of 48.4% from the April 30th total of 49,044 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 207,796 shares, the short-interest ratio is presently 0.1 days.

Telkonet Trading Down 7.7%

Telkonet stock traded down $0.00 during mid-day trading on Monday, hitting $0.02. The stock had a trading volume of 1,416,435 shares, compared to its average volume of 340,555. Telkonet has a one year low of $0.00 and a one year high of $0.02. The firm’s 50 day moving average is $0.01 and its 200 day moving average is $0.01.

Telkonet Company Profile

Telkonet, Inc is a technology company specializing in smart energy and water management solutions for commercial and institutional facilities. The company’s core business revolves around creating Internet of Things (IoT) devices, software platforms and control systems that enable automated, occupancy-based conservation of electricity, heating, cooling and water in settings such as hospitality, education, senior living, healthcare and government properties.

Central to Telkonet’s offering is its EcoSmart Energy suite, which includes programmable thermostats, occupancy sensors and networked gateways that communicate with cloud-based management software.