Echelon Co. (ELON) Short Interest Update
Echelon Co. (NASDAQ:ELON) was the recipient of a large growth in short interest in the month of April. As of April 28th, there was short interest totalling 17,280 shares, a growth of 21.9% from the April 13th total of 14,171 shares. Based on an average daily trading volume, of 21,735 shares, the short-interest ratio is currently 0.8 days.
An institutional investor recently raised its position in Echelon stock. Janney Montgomery Scott LLC increased its stake in shares of Echelon Co. (NASDAQ:ELON) by 70.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,545 shares of the technology company’s stock after buying an additional 7,274 shares during the period. Janney Montgomery Scott LLC owned approximately 0.40% of Echelon worth $106,000 as of its most recent filing with the SEC. 19.55% of the stock is owned by institutional investors.
Shares of Echelon (NASDAQ:ELON) opened at 6.36 on Thursday. Echelon has a 1-year low of $4.17 and a 1-year high of $6.42. The stock’s market cap is $28.19 million. The company’s 50-day moving average is $6.08 and its 200 day moving average is $5.25.
Echelon (NASDAQ:ELON) last released its earnings results on Thursday, May 4th. The technology company reported ($0.27) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.14. The firm had revenue of $7.80 million during the quarter. Echelon had a negative net margin of 12.55% and a negative return on equity of 15.10%. Equities research analysts anticipate that Echelon will post ($0.22) EPS for the current year.
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Echelon Company Profile
Echelon Corporation develops open-standard control networking platforms and delivers elements necessary to design, install, monitor and control communities of devices. The Company’s products enable everyday devices, such as air conditioners, outdoor lighting, appliances, electricity meters, light switches, thermostats and valves to be inter-connected and be part of the Industrial Internet of Things (IIoT) market.
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