Short Interest in EnSync Inc (ESNC) Rises By 2.1%
EnSync Inc (NYSEAMERICAN:ESNC) saw a large growth in short interest in the month of December. As of December 29th, there was short interest totalling 1,873,546 shares, a growth of 2.1% from the December 15th total of 1,835,094 shares. Based on an average daily trading volume, of 610,460 shares, the days-to-cover ratio is currently 3.1 days. Currently, 5.3% of the company’s shares are sold short.
Shares of EnSync (NYSEAMERICAN:ESNC) traded up $0.02 during trading hours on Wednesday, hitting $0.50. The stock had a trading volume of 2,164,400 shares, compared to its average volume of 826,450. EnSync has a 1-year low of $0.31 and a 1-year high of $0.80. The stock has a market cap of $25.38, a PE ratio of -7.14 and a beta of 0.69.
Several analysts have commented on the company. Roth Capital restated a “buy” rating on shares of EnSync in a report on Tuesday, September 19th. Zacks Investment Research upgraded EnSync from a “hold” rating to a “buy” rating and set a $0.50 price target for the company in a report on Wednesday, January 3rd. Finally, HC Wainwright set a $2.00 target price on EnSync and gave the stock a “buy” rating in a report on Friday, December 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. EnSync currently has a consensus rating of “Hold” and an average target price of $1.21.
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EnSync Company Profile
EnSync, Inc is engaged in developing, licensing and manufacturing energy management systems solutions serving the commercial and industrial (C&I) building, utility, and off-grid markets. The Company develops and commercializes product and service solutions for the distributed energy generation market, including energy management systems, energy storage systems, applications, and Internet of energy platforms that link distributed energy resources with the grid network.
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