Short Interest in Orion Energy Systems, Inc. (NASDAQ:OESX) Grows By 19.4%

Orion Energy Systems, Inc. (NASDAQ:OESX) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 94,600 shares, an increase of 19.4% from the February 13th total of 79,200 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 78,400 shares, the days-to-cover ratio is presently 1.2 days.

Orion Energy Systems Trading Up 2.7 %

NASDAQ OESX traded up $0.02 on Thursday, hitting $0.75. 23,270 shares of the company were exchanged, compared to its average volume of 59,775. The company’s 50 day moving average price is $0.82 and its 200-day moving average price is $0.85. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.89. The firm has a market capitalization of $24.71 million, a P/E ratio of -3.26 and a beta of 1.39. Orion Energy Systems has a twelve month low of $0.68 and a twelve month high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last released its earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. Orion Energy Systems had a negative return on equity of 48.85% and a negative net margin of 8.54%. Analysts predict that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OESX has been the topic of several research reports. StockNews.com initiated coverage on shares of Orion Energy Systems in a research report on Wednesday. They issued a “hold” rating on the stock. HC Wainwright reiterated a “buy” rating and issued a $3.00 price target on shares of Orion Energy Systems in a research report on Wednesday, February 12th.

Hedge Funds Weigh In On Orion Energy Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Mariner LLC purchased a new position in Orion Energy Systems during the 4th quarter valued at about $35,000. Geode Capital Management LLC grew its stake in 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 valued at $268,000 after acquiring an additional 25,816 shares in the last quarter. Tieton Capital Management LLC grew its stake in 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 valued at $2,130,000 after acquiring an additional 541,773 shares in the last quarter. Finally, Grace & White Inc. NY grew its stake in 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 valued at $2,197,000 after acquiring an additional 50,138 shares in the last quarter. Hedge funds and other institutional investors own 52.59% of the company’s stock.

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).