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

Energy Focus, Inc. (NASDAQ:EFOI) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 322,823 shares, a growth of 410.2% from the April 15th total of 63,274 shares. Based on an average daily volume of 15,880,531 shares, the days-to-cover ratio is currently 0.0 days. Approximately 10.0% of the company’s shares are sold short.

Energy Focus Stock Performance

Shares of Energy Focus stock opened at $4.04 on Wednesday. The stock has a 50 day moving average of $2.70 and a 200 day moving average of $2.41. The firm has a market capitalization of $25.45 million, a price-to-earnings ratio of -22.44 and a beta of 2.15. Energy Focus has a fifty-two week low of $1.51 and a fifty-two week high of $9.84.

Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings results on Thursday, May 14th. The construction company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($1.82) by $1.80. The business had revenue of $0.95 million for the quarter, compared to analyst estimates of $3.49 million. Energy Focus had a negative return on equity of 31.83% and a negative net margin of 28.85%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Energy Focus from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new position in Energy Focus during the fourth quarter worth about $27,000. DRW Securities LLC purchased a new stake in shares of Energy Focus in the 4th quarter valued at approximately $37,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Energy Focus in the 3rd quarter valued at approximately $37,000. Institutional investors and hedge funds own 3.67% of the company’s stock.

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.