EnSync Inc (ESNC) Short Interest Update

EnSync Inc (NYSEAMERICAN:ESNC) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 2,266,376 shares, an increase of 18.9% from the January 12th total of 1,906,215 shares. Approximately 6.4% of the shares of the company are sold short. Based on an average trading volume of 531,805 shares, the days-to-cover ratio is presently 4.3 days.

Shares of EnSync (NYSEAMERICAN ESNC) remained flat at $$0.37 on Friday. The stock had a trading volume of 106,022 shares, compared to its average volume of 653,329. The firm has a market cap of $21.22, a PE ratio of -5.29 and a beta of 0.59. EnSync has a 52 week low of $0.31 and a 52 week high of $0.80.

EnSync (NYSEAMERICAN:ESNC) last issued its quarterly earnings results on Thursday, November 9th. The technology company reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). EnSync had a negative return on equity of 104.96% and a negative net margin of 168.71%.

A hedge fund recently raised its stake in EnSync stock. ICM Asset Management Inc. WA grew its stake in EnSync Inc (NYSEAMERICAN:ESNC) by 47.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 735,500 shares of the technology company’s stock after buying an additional 237,700 shares during the quarter. ICM Asset Management Inc. WA owned approximately 1.32% of EnSync worth $379,000 as of its most recent SEC filing.

A number of analysts recently commented on ESNC shares. Zacks Investment Research upgraded EnSync from a “hold” rating to a “buy” rating and set a $0.50 price objective for the company in a research report on Friday, December 8th. HC Wainwright set a $2.00 price objective on EnSync and gave the company a “buy” rating in a research report on Friday, December 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $1.21.

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About EnSync

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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