Energy Focus, Inc. (NASDAQ:EFOI) Short Interest Update

Energy Focus, Inc. (NASDAQ:EFOI – Get Rating) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 105,900 shares, a drop of 30.8% from the March 15th total of 153,000 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

EFOI has been the topic of a number of research reports. StockNews.com initiated coverage on Energy Focus in a research note on Thursday. They issued a “sell” rating on the stock. Zacks Investment Research downgraded Energy Focus from a “buy” rating to a “hold” rating in a research note on Monday, January 17th. Finally, HC Wainwright reduced their price objective on Energy Focus from $11.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 18th.

NASDAQ:EFOI traded down $0.03 during trading hours on Friday, reaching $1.18. The stock had a trading volume of 125,159 shares, compared to its average volume of 201,412. Energy Focus has a 52 week low of $1.14 and a 52 week high of $8.17. The company has a 50 day moving average price of $1.38 and a two-hundred day moving average price of $2.33. The stock has a market capitalization of $7.61 million, a PE ratio of -0.67 and a beta of 2.93.

Energy Focus (NASDAQ:EFOI – Get Rating) last released its earnings results on Thursday, March 17th. The construction company reported ($0.50) earnings per share for the quarter. The company had revenue of $2.41 million for the quarter, compared to the consensus estimate of $3.08 million. Energy Focus had a negative net margin of 79.94% and a negative return on equity of 161.01%. Sell-side analysts anticipate that Energy Focus will post -0.89 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new position in shares of Energy Focus during the 4th quarter valued at approximately $83,000. Virtu Financial LLC bought a new position in shares of Energy Focus during the 4th quarter valued at approximately $93,000. Citadel Advisors LLC bought a new position in shares of Energy Focus during the 3rd quarter valued at approximately $99,000. Millennium Management LLC bought a new position in shares of Energy Focus during the 3rd quarter valued at approximately $147,000. Finally, Geode Capital Management LLC increased its position in shares of Energy Focus by 207.3% during the 3rd quarter. Geode Capital Management LLC now owns 76,711 shares of the construction company’s stock valued at $238,000 after purchasing an additional 51,746 shares during the last quarter. 6.41% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Focus (Get Rating)

Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems in the United States and internationally. It offers military maritime LED lighting products, such as Military Intellitube, globe lights, berth lights, and fixtures, as well as Invisitube ultra-low EMI tubular LED (TLED) and LED retrofit kits to serve the United States navy and allied foreign navies.

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