Orion Energy Systems Sees Large Decline in Short Interest (OESX)
Shares of Orion Energy Systems (NYSE:OESX) saw a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 453,547 shares, a drop of 10.0% from the July 31st total of 504,107 shares, American Banking News reports. Currently, 2.2% of the shares of the company are sold short. Based on an average trading volume of 130,117 shares, the days-to-cover ratio is currently 3.5 days.
Shares of Orion Energy Systems (NYSE:OESX) opened at 4.788 on Thursday. Orion Energy Systems has a 52-week low of $3.39 and a 52-week high of $8.11. The stock’s 50-day moving average is $4.61 and its 200-day moving average is $5.09. The company’s market cap is $104.3 million.
Orion Energy Systems, Inc (NYSE:OESX), incorporated in April, 1996, designs, manufactures, markets and implements energy management systems consisting of energy efficient lighting systems, controls and related services and markets and implements renewable energy systems consisting of solar generating photovoltaic systems and wind turbines.
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