Energy Focus, Inc. (NASDAQ:EFOI) Shares Shorted: Short Interest Down 51.6% in October

Energy Focus, Inc. (NASDAQ:EFOI) was the target of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 47,916 shares, a decrease of 51.6% from the October 15th total of 98,937 shares. Based on an average daily trading volume, of 66,689 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.5% of the company’s stock are short sold.

Energy Focus Trading Down 1.3%

Shares of EFOI traded down $0.06 during trading hours on Friday, hitting $4.44. The company had a trading volume of 6,279 shares, compared to its average volume of 53,791. Energy Focus has a one year low of $1.66 and a one year high of $9.84. The company’s fifty day moving average price is $3.23 and its two-hundred day moving average price is $2.93. The company has a market capitalization of $28.28 million, a PE ratio of -31.71 and a beta of 2.14.

Energy Focus (NASDAQ:EFOI) last posted its earnings results on Tuesday, November 10th. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.82) by $1.90. The company had revenue of $4.80 million for the quarter, compared to analyst estimates of $3.49 million. Energy Focus had a negative return on equity of 22.02% and a negative net margin of 8.04%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Energy Focus in a research note on Monday, October 19th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of Energy Focus

A hedge fund recently bought a new stake in Energy Focus stock. Heck Capital Advisors LLC acquired a new position in Energy Focus, Inc. (NASDAQ:EFOI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 35,297 shares of the construction company’s stock, valued at approximately $116,000. Heck Capital Advisors LLC owned about 0.56% of Energy Focus as of its most recent SEC filing. 3.67% of the stock is currently owned by institutional investors and hedge funds.

About Energy Focus

Energy Focus, Inc. develops and supplies energy-efficient LED lighting products and systems. Its offerings include LED lamps and retrofit solutions for commercial, industrial and other facilities, as well as lighting products designed for marine and military applications. The company has a history in lighting technology and has supplied lighting for U.S. Navy vessels. Its products serve customers in the United States and selected international markets, with a focus on reducing energy use and supporting lighting upgrades.