Orion Energy Systems, Inc. (NASDAQ:OESX) Short Interest Up 81.5% in February

Orion Energy Systems, Inc. (NASDAQ:OESX) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 41,913 shares, a growth of 81.5% from the February 12th total of 23,088 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 33,704 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 33,704 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Orion Energy Systems to a “strong-buy” rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Orion Energy Systems in a research note on Friday, January 9th. Finally, Zacks Research cut Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OESX. Quadrature Capital Ltd bought a new stake in shares of Orion Energy Systems in the 4th quarter valued at about $202,000. NewEdge Advisors LLC bought a new position in shares of Orion Energy Systems during the fourth quarter worth about $232,000. Marshall Wace LLP acquired a new position in shares of Orion Energy Systems in the fourth quarter worth approximately $706,000. Tieton Capital Management LLC lifted its stake in shares of Orion Energy Systems by 0.6% in the fourth quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker’s stock worth $3,940,000 after acquiring an additional 1,580 shares during the period. Finally, North Star Investment Management Corp. boosted its holdings in Orion Energy Systems by 6.3% in the fourth quarter. North Star Investment Management Corp. now owns 407,452 shares of the electronics maker’s stock valued at $6,267,000 after acquiring an additional 23,998 shares during the last quarter. 52.59% of the stock is owned by institutional investors.

Orion Energy Systems Price Performance

Shares of OESX opened at $9.69 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.35 and a debt-to-equity ratio of 0.76. The stock has a market cap of $39.24 million, a PE ratio of -6.78 and a beta of 0.60. Orion Energy Systems has a 12-month low of $5.50 and a 12-month high of $18.64. The business has a 50-day simple moving average of $14.05 and a two-hundred day simple moving average of $12.50.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Thursday, February 5th. The electronics maker reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. The firm had revenue of $21.09 million for the quarter, compared to analyst estimates of $20.81 million. Orion Energy Systems had a negative return on equity of 31.62% and a negative net margin of 5.62%. Analysts anticipate that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

About Orion Energy Systems

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.