Energy Focus, Inc. (NASDAQ:EFOI) Short Interest Update

Energy Focus, Inc. (NASDAQ:EFOI) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 26,588 shares, a decline of 36.5% from the February 12th total of 41,893 shares. Based on an average trading volume of 7,240 shares, the days-to-cover ratio is currently 3.7 days. Approximately 0.8% of the shares of the company are short sold. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 7,240 shares, the days-to-cover ratio is currently 3.7 days.

Energy Focus Trading Up 14.0%

EFOI stock traded up $0.25 during midday trading on Friday, reaching $2.03. The stock had a trading volume of 47,898 shares, compared to its average volume of 11,843. The company’s fifty day simple moving average is $2.05 and its 200 day simple moving average is $2.36. The company has a market cap of $11.65 million, a price-to-earnings ratio of -11.94 and a beta of 1.56. Energy Focus has a 52-week low of $1.43 and a 52-week high of $3.56.

Hedge Funds Weigh In On Energy Focus

Institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new position in shares of Energy Focus during the 3rd quarter valued at about $37,000. Renaissance Technologies LLC acquired a new stake in Energy Focus during the fourth quarter worth about $27,000. Finally, DRW Securities LLC purchased a new position in Energy Focus during the fourth quarter worth about $37,000. 3.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Energy Focus in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Energy Focus

Energy Focus, Inc is a United States–based innovator in sustainable lighting and disinfection solutions. The company designs, manufactures and sells high-performance LED lighting fixtures and lamps tailored for commercial, industrial and specialty applications. In addition to energy-efficient illumination products, Energy Focus offers ultraviolet-C (UV-C) germicidal lighting systems designed to inactivate microbes on surfaces and in the air, addressing growing demand for hygienic environments in healthcare, education, transportation and other sectors.

Founded in 1985 as a spin-out of U.S.