Energy Focus, Inc. (NASDAQ:EFOI) Short Interest Down 35.6% in May

Energy Focus, Inc. (NASDAQ:EFOI) was the target of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 9,400 shares, a drop of 35.6% from the May 15th total of 14,600 shares. Based on an average daily volume of 9,400 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.2% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on Energy Focus in a research report on Wednesday, May 21st. They issued a “sell” rating for the company.

Energy Focus Stock Down 0.1%

NASDAQ:EFOI opened at $1.87 on Monday. Energy Focus has a 1-year low of $1.14 and a 1-year high of $2.95. The firm has a market capitalization of $10.00 million, a price-to-earnings ratio of -4.78 and a beta of 1.43. The stock has a fifty day simple moving average of $1.81 and a 200 day simple moving average of $1.69.

Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings data on Tuesday, May 13th. The construction company reported ($0.05) EPS for the quarter. Energy Focus had a negative return on equity of 71.48% and a negative net margin of 35.77%. The business had revenue of $0.62 million for the quarter.

Energy Focus Company Profile

Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems, and controls and ultraviolet-C light disinfection products in the United States and internationally. It offers military maritime market light-emitting diode (LED) lighting products, such as Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED; and Military-grade fixtures, including LED globe lights, berth lights; high-bay fixtures and LED retrofit kits to serve the United States navy and allied foreign navies.