Orion Energy Systems, Inc. (NASDAQ:OESX) Short Interest Update

Orion Energy Systems, Inc. (NASDAQ:OESX) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 110,735 shares, an increase of 101.9% from the August 15th total of 54,844 shares. Based on an average trading volume of 101,216 shares, the days-to-cover ratio is presently 1.1 days. Currently, 2.9% of the company’s stock are short sold.

Orion Energy Systems Price Performance

Shares of OESX traded up $1.62 during mid-day trading on Tuesday, reaching $26.91. 76,127 shares of the stock traded hands, compared to its average volume of 101,624. The company has a market cap of $110.06 million, a price-to-earnings ratio of -538.20 and a beta of 0.96. Orion Energy Systems has a 1 year low of $7.84 and a 1 year high of $31.00. The firm has a fifty day moving average price of $17.69 and a 200 day moving average price of $12.58. The company has a current ratio of 1.54, a quick ratio of 1.13 and a debt-to-equity ratio of 0.33.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Wednesday, August 5th. The electronics maker reported $0.47 EPS for the quarter, topping the consensus estimate of $0.07 by $0.40. The business had revenue of $25.74 million during the quarter, compared to analysts’ expectations of $23.56 million. Orion Energy Systems had a return on equity of 11.66% and a net margin of 0.04%. As a group, equities research analysts predict that Orion Energy Systems will post 0.23 earnings per share for the current year.

Institutional Investors Weigh In On Orion Energy Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OESX. NewEdge Advisors LLC raised its position in Orion Energy Systems by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock valued at $211,000 after purchasing an additional 9,058 shares during the last quarter. Sei Investments Co. grew its position in shares of Orion Energy Systems by 114.3% in the 1st quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock worth $1,137,000 after buying an additional 69,387 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Orion Energy Systems by 32.4% in the 1st quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock worth $1,560,000 after buying an additional 43,693 shares during the last quarter. Grace & White Inc. NY increased its stake in shares of Orion Energy Systems by 9.2% during the first quarter. Grace & White Inc. NY now owns 241,387 shares of the electronics maker’s stock valued at $2,110,000 after buying an additional 20,400 shares during the period. Finally, Tieton Capital Management LLC increased its stake in shares of Orion Energy Systems by 0.6% during the fourth quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker’s stock valued at $3,940,000 after buying an additional 1,580 shares during the period. 52.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OESX. Wall Street Zen upgraded Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Zacks Research downgraded shares of Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. Weiss Ratings upgraded shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Craig Hallum reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Orion Energy Systems in a research report on Tuesday. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Orion Energy Systems in a research report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.50.

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.