Short Interest in Dialight plc (OTCMKTS:DIALF) Declines By 48.8%

Dialight plc (OTCMKTS:DIALF) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 43 shares, a decrease of 48.8% from the February 26th total of 84 shares. Based on an average trading volume of 8 shares, the short-interest ratio is presently 5.4 days.

Analysts Set New Price Targets

Separately, Barclays downgraded Dialight to an “underweight” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Dialight presently has an average rating of “Hold”.

Dialight Price Performance

Shares of DIALF stock remained flat at $4.10 during trading hours on Thursday. The firm has a 50-day moving average price of $4.09 and a two-hundred day moving average price of $3.68. Dialight has a one year low of $1.42 and a one year high of $4.10.

About Dialight

Dialight PLC is a global provider of industrial LED lighting solutions, specializing in energy-efficient and durable products designed for demanding environments. The company’s product portfolio includes a wide range of LED linear and area luminaires, high- and low-bay fixtures, task lighting, signal beacons and optical safety indicators, as well as specialty solutions for hazardous location applications in oil and gas, mining, marine and transportation sectors.

Founded in the United Kingdom and headquartered in Farnborough, Hampshire, Dialight draws on more than 80 years of expertise in lighting technology.