Acorn Energy, Inc. (OTCMKTS:ACFN) Short Interest Up 340.0% in August

Acorn Energy, Inc. (OTCMKTS:ACFN) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 2,200 shares, a growth of 340.0% from the August 15th total of 500 shares. Based on an average daily trading volume, of 25,100 shares, the short-interest ratio is presently 0.1 days.

Acorn Energy Stock Performance

Acorn Energy has a 12 month low of $7.05 and a 12 month high of $8.50. The stock’s 50-day moving average price is $5.39 and its 200-day moving average price is $5.26. The stock has a market cap of $312.91 million, a price-to-earnings ratio of -787.00 and a beta of 0.80.

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 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.