Energy Focus, Inc. (NASDAQ:EFOI) Sees Large Decrease in Short Interest

Energy Focus, Inc. (NASDAQ:EFOI) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 37,700 shares, a decline of 46.2% from the February 29th total of 70,100 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average trading volume of 232,500 shares, the short-interest ratio is presently 0.2 days.

Energy Focus Stock Up 1.3 %

EFOI traded up $0.02 during trading on Thursday, hitting $1.59. The company had a trading volume of 4,777 shares, compared to its average volume of 247,293. The company has a market capitalization of $7.06 million, a PE ratio of -0.57 and a beta of 1.86. Energy Focus has a one year low of $1.20 and a one year high of $4.13. The firm’s 50-day moving average price is $1.59 and its 200 day moving average price is $1.64.

Institutional Investors Weigh In On Energy Focus

An institutional investor recently bought a new position in Energy Focus stock. Renaissance Technologies LLC bought a new stake in Energy Focus, Inc. (NASDAQ:EFOI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 196,414 shares of the construction company’s stock, valued at approximately $255,000. Renaissance Technologies LLC owned 2.53% of Energy Focus as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Energy Focus in a report on Saturday, March 23rd. They issued a “sell” rating for the company.

Energy Focus Company Profile

Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems, and controls and ultraviolet-C light disinfection products in the United States and internationally. It offers military maritime market light-emitting diode (LED) lighting products, such as Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED; and Military-grade fixtures, including LED globe lights, berth lights; high-bay fixtures and LED retrofit kits to serve the United States navy and allied foreign navies.