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

Acorn Energy, Inc. (OTCMKTS:ACFNGet Free Report) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 300 shares, an increase of 50.0% from the April 15th total of 200 shares. Based on an average daily trading volume, of 4,900 shares, the short-interest ratio is presently 0.1 days.

Acorn Energy Stock Performance

OTCMKTS:ACFN opened at $10.25 on Friday. The firm has a market cap of $25.49 million, a P/E ratio of 146.43 and a beta of 0.68. The stock’s 50 day simple moving average is $7.76 and its 200-day simple moving average is $6.82. Acorn Energy has a 12-month low of $4.00 and a 12-month high of $10.99.

Acorn Energy (OTCMKTS:ACFNGet Free Report) last released its earnings results on Thursday, May 9th. The technology company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $2.13 million for the quarter. Acorn Energy had a negative return on equity of 29.78% and a net margin of 3.19%.

Acorn Energy Company Profile

(Get Free Report)

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.

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