Acorn Energy, Inc. (OTCMKTS:ACFN) Short Interest Up 100.0% in March

Acorn Energy, Inc. (OTCMKTS:ACFN) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 200 shares, a growth of 100.0% from the February 29th total of 100 shares. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is currently 0.0 days.

Acorn Energy Stock Performance

Shares of ACFN opened at $7.00 on Friday. The stock has a market capitalization of $17.43 million, a PE ratio of 175.04 and a beta of 0.76. Acorn Energy has a 1 year low of $4.00 and a 1 year high of $8.50. The company’s 50-day simple moving average is $6.47 and its 200-day simple moving average is $6.44.

Acorn Energy (OTCMKTS:ACFN) last released its earnings results on Thursday, March 7th. The technology company reported $0.03 earnings per share for the quarter. Acorn Energy had a net margin of 1.48% and a negative return on equity of 12.58%. The firm had revenue of $2.25 million for the quarter.

Acorn Energy Company Profile

Acorn Energy, Inc, together with its subsidiaries, develops and markets wireless remote monitoring and control systems for various markets in the United States and internationally. It operates through two segments, Power Generation (PG) Monitoring and Cathodic Protection (CP) Monitoring. The PG segment provides wireless remote monitoring and control systems, and services for critical assets, which include stand-by power generators, compressors, pumps, pumpjacks, light towers, turbines, and other industrial equipment; and Internet of Things applications.