Acorn Energy, Inc. (OTCMKTS:ACFN) Sees Significant Increase in Short Interest

Acorn Energy, Inc. (OTCMKTS:ACFN – Get Rating) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 4,700 shares, an increase of 327.3% from the April 15th total of 1,100 shares. Based on an average trading volume of 37,800 shares, the short-interest ratio is currently 0.1 days.

Shares of ACFN opened at $0.41 on Thursday. The company has a 50-day simple moving average of $0.49 and a 200-day simple moving average of $0.55. Acorn Energy has a 52 week low of $0.26 and a 52 week high of $0.70.

About Acorn Energy (Get Rating)

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.

Recommended Stories