Acorn Energy Inc. (NASDAQ:ACFN) Short Interest Update

Acorn Energy Inc. (NASDAQ:ACFN) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 20,058 shares, a decline of 14.0% from the December 31st total of 23,315 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily volume of 50,191 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 50,191 shares, the short-interest ratio is currently 0.4 days. Approximately 1.2% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ACFN shares. Wall Street Zen downgraded Acorn Energy from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Acorn Energy in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Acorn Energy currently has an average rating of “Hold”.

Institutional Trading of Acorn Energy

Several hedge funds have recently made changes to their positions in ACFN. Citadel Advisors LLC acquired a new position in Acorn Energy during the 3rd quarter valued at approximately $323,000. Northstar Group Inc. acquired a new stake in Acorn Energy in the third quarter worth $250,000. Finally, Access Investment Management LLC bought a new stake in Acorn Energy in the third quarter valued at $25,000.

Acorn Energy Price Performance

NASDAQ ACFN opened at $17.72 on Tuesday. Acorn Energy has a one year low of $12.42 and a one year high of $33.00. The firm has a 50-day simple moving average of $16.88. The firm has a market cap of $44.30 million, a price-to-earnings ratio of 6.69 and a beta of 0.17.

Acorn Energy (NASDAQ:ACFN) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.10 earnings per share for the quarter. Acorn Energy had a net margin of 52.80% and a return on equity of 34.58%.

Acorn Energy Company Profile

Acorn Energy, Inc, through its subsidiaries, develops and markets wireless remote monitoring and control systems for various markets in the United States and internationally. It operates through two segments, Power Generation (PG) Monitoring and Cathodic Protection (CP) Monitoring. The PG segment provides wireless remote monitoring and control systems, and services for critical assets, which include stand-by power generators, compressors, pumps, pumpjacks, light towers, turbines, and other industrial equipment; and Internet of Things applications.