Telkonet Inc. (OTCMKTS:TKOI) Sees Large Increase in Short Interest

Telkonet Inc. (OTCMKTS:TKOIGet Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 76,620 shares, a growth of 981.3% from the June 15th total of 7,086 shares. Based on an average daily trading volume, of 1,964,737 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

Telkonet Price Performance

TKOI traded down $0.00 during midday trading on Friday, hitting $0.03. 802,273 shares of the company’s stock traded hands, compared to its average volume of 594,272. The stock’s fifty day simple moving average is $0.02 and its 200-day simple moving average is $0.01. Telkonet has a one year low of $0.00 and a one year high of $0.04.

About Telkonet

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Telkonet, Inc is a technology company specializing in smart energy and water management solutions for commercial and institutional facilities. The company’s core business revolves around creating Internet of Things (IoT) devices, software platforms and control systems that enable automated, occupancy-based conservation of electricity, heating, cooling and water in settings such as hospitality, education, senior living, healthcare and government properties.

Central to Telkonet’s offering is its EcoSmart Energy suite, which includes programmable thermostats, occupancy sensors and networked gateways that communicate with cloud-based management software.

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