Energy Focus, Inc. (NASDAQ:EFOI) Short Interest Update

Energy Focus, Inc. (NASDAQ:EFOI) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 322,823 shares, an increase of 410.2% from the April 15th total of 63,274 shares. Currently, 10.0% of the shares of the company are short sold. Based on an average trading volume of 15,880,531 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Energy Focus from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Energy Focus

Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in Energy Focus during the fourth quarter valued at about $27,000. Citadel Advisors LLC bought a new stake in shares of Energy Focus in the 3rd quarter worth approximately $37,000. Finally, DRW Securities LLC acquired a new stake in shares of Energy Focus during the 4th quarter worth approximately $37,000. Institutional investors own 3.67% of the company’s stock.

Energy Focus Price Performance

Shares of Energy Focus stock traded up $0.31 during midday trading on Thursday, hitting $4.23. The company had a trading volume of 132,826 shares, compared to its average volume of 8,908,303. Energy Focus has a 1-year low of $1.51 and a 1-year high of $9.84. The business’s 50 day simple moving average is $2.79 and its two-hundred day simple moving average is $2.42. The stock has a market cap of $26.65 million, a PE ratio of -28.20 and a beta of 2.15.

Energy Focus (NASDAQ:EFOI) last released its earnings results on Tuesday, May 12th. The construction company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($1.82) by $1.80. The firm had revenue of $0.95 million during the quarter, compared to analysts’ expectations of $3.49 million. Energy Focus had a negative net margin of 23.09% and a negative return on equity of 25.63%.

About Energy Focus

Energy Focus, Inc is a United States–based innovator in sustainable lighting and disinfection solutions. The company designs, manufactures and sells high-performance LED lighting fixtures and lamps tailored for commercial, industrial and specialty applications. In addition to energy-efficient illumination products, Energy Focus offers ultraviolet-C (UV-C) germicidal lighting systems designed to inactivate microbes on surfaces and in the air, addressing growing demand for hygienic environments in healthcare, education, transportation and other sectors.

Founded in 1985 as a spin-out of U.S.