Short Interest in Acorn Energy, Inc. (OTCMKTS:ACFN) Grows By 133.3%

Acorn Energy, Inc. (OTCMKTS:ACFN) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 700 shares, a growth of 133.3% from the July 15th total of 300 shares. Based on an average trading volume of 2,400 shares, the days-to-cover ratio is presently 0.3 days.

Acorn Energy Price Performance

Shares of ACFN opened at $10.45 on Thursday. The firm has a fifty day moving average price of $9.50 and a 200 day moving average price of $8.30. The stock has a market cap of $25.99 million, a PE ratio of 149.29 and a beta of 0.70. Acorn Energy has a 1-year low of $4.50 and a 1-year high of $10.99.

Acorn Energy (OTCMKTS:ACFN) last announced its earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $2.28 million during the quarter. Acorn Energy had a negative return on equity of 31.38% and a net margin of 3.19%.

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.