Energy Focus, Inc. (NASDAQ:EFOI) Shares Shorted: Short Interest Down 51.6% in October

Energy Focus, Inc. (NASDAQ:EFOI) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 47,916 shares, a decline of 51.6% from the October 15th total of 98,937 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily trading volume, of 66,689 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Focus in a report on Monday, October 19th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Energy Focus has an average rating of “Sell”.

Institutional Trading of Energy Focus

A hedge fund recently bought a new position in Energy Focus stock. Heck Capital Advisors LLC acquired a new position in Energy Focus, Inc. (NASDAQ:EFOI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 35,297 shares of the construction company’s stock, valued at approximately $116,000. Heck Capital Advisors LLC owned approximately 0.56% of Energy Focus as of its most recent SEC filing. Institutional investors own 3.67% of the company’s stock.

Energy Focus Stock Down 1.3%

EFOI stock traded down $0.06 during trading on Friday, hitting $4.44. The company had a trading volume of 6,279 shares, compared to its average volume of 53,791. The firm has a market capitalization of $28.28 million, a P/E ratio of -31.71 and a beta of 2.14. Energy Focus has a 52-week low of $1.66 and a 52-week high of $9.84. The company has a 50 day simple moving average of $3.23 and a 200-day simple moving average of $2.93.

Energy Focus (NASDAQ:EFOI) last released its quarterly earnings data on Tuesday, November 10th. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.82) by $1.90. The company had revenue of $4.80 million during the quarter, compared to analysts’ expectations of $3.49 million. Energy Focus had a negative net margin of 8.04% and a negative return on equity of 22.02%.

About Energy Focus

Energy Focus, Inc. develops and supplies energy-efficient LED lighting products and systems. Its offerings include LED lamps and retrofit solutions for commercial, industrial and other facilities, as well as lighting products designed for marine and military applications. The company has a history in lighting technology and has supplied lighting for U.S. Navy vessels. Its products serve customers in the United States and selected international markets, with a focus on reducing energy use and supporting lighting upgrades.