Acorn Energy, Inc. (OTCMKTS:ACFN) Short Interest Update

Acorn Energy, Inc. (OTCMKTS:ACFN) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 1,400 shares, an increase of 366.7% from the May 15th total of 300 shares. Based on an average trading volume of 2,900 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

Acorn Energy Trading Up 6.6%

Shares of Acorn Energy stock opened at $17.81 on Friday. The company’s 50-day moving average price is $16.48 and its two-hundred day moving average price is $17.16. Acorn Energy has a 52 week low of $8.00 and a 52 week high of $19.50. The stock has a market cap of $44.40 million, a PE ratio of 38.72 and a beta of 0.49.

Acorn Energy (OTCMKTS:ACFN) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.19 EPS for the quarter. Acorn Energy had a net margin of 11.80% and a negative return on equity of 275.24%.

Acorn Energy Company Profile

Acorn Energy, Inc, together with its subsidiaries, develops and markets wireless remote monitoring and control systems for various markets in the United States and internationally. It operates in 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, pumps, pumpjacks, light towers, turbines, compressors, fire pumps, and other industrial equipment; and Internet of Things applications.