EnSync Inc (ESNC) Short Interest Update

EnSync Inc (NYSEAMERICAN:ESNC) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 2,266,376 shares, an increase of 18.9% from the January 12th total of 1,906,215 shares. Approximately 6.4% of the shares of the company are sold short. Based on an average daily trading volume, of 531,805 shares, the days-to-cover ratio is currently 4.3 days.

EnSync (ESNC) remained flat at $$0.37 during trading hours on Friday. The stock had a trading volume of 106,022 shares, compared to its average volume of 653,329. EnSync has a twelve month low of $0.31 and a twelve month high of $0.80. The stock has a market cap of $21.22, a PE ratio of -5.29 and a beta of 0.59.

EnSync (NYSEAMERICAN:ESNC) last released its earnings results on Thursday, November 9th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). EnSync had a negative return on equity of 104.96% and a negative net margin of 168.71%.

A number of analysts have commented on ESNC shares. HC Wainwright set a $2.00 price target on EnSync and gave the stock a “buy” rating in a research report on Friday, December 15th. Zacks Investment Research upgraded EnSync from a “hold” rating to a “buy” rating and set a $0.50 price target for the company in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. EnSync has an average rating of “Hold” and a consensus target price of $1.21.

A hedge fund recently raised its stake in EnSync stock. ICM Asset Management Inc. WA increased its holdings in shares of EnSync Inc (NYSEAMERICAN:ESNC) by 47.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 735,500 shares of the technology company’s stock after purchasing an additional 237,700 shares during the quarter. ICM Asset Management Inc. WA owned approximately 1.32% of EnSync worth $379,000 at the end of the most recent reporting period.

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About EnSync

EnSync, Inc is engaged in developing, licensing and manufacturing energy management systems solutions serving the commercial and industrial (C&I) building, utility, and off-grid markets. The Company develops and commercializes product and service solutions for the distributed energy generation market, including energy management systems, energy storage systems, applications, and Internet of energy platforms that link distributed energy resources with the grid network.

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