Orion Energy Systems, Inc. (NASDAQ:OESX) Short Interest Down 13.6% in January

Orion Energy Systems, Inc. (NASDAQ:OESX) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 12,432 shares, a drop of 13.6% from the January 15th total of 14,390 shares. Based on an average daily volume of 69,648 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 69,648 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in shares of Orion Energy Systems in the fourth quarter worth about $202,000. NewEdge Advisors LLC acquired a new position in Orion Energy Systems in the 4th quarter worth about $232,000. Marshall Wace LLP purchased a new position in Orion Energy Systems during the fourth quarter worth approximately $706,000. Tieton Capital Management LLC boosted its position in Orion Energy Systems by 0.6% during the fourth quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker’s stock worth $3,940,000 after purchasing an additional 1,580 shares in the last quarter. Finally, North Star Investment Management Corp. grew its holdings in Orion Energy Systems by 6.3% in the fourth quarter. North Star Investment Management Corp. now owns 407,452 shares of the electronics maker’s stock valued at $6,267,000 after purchasing an additional 23,998 shares during the period. Hedge funds and other institutional investors own 52.59% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on OESX shares. Zacks Research lowered Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Wall Street Zen upgraded Orion Energy Systems to a “strong-buy” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Orion Energy Systems in a research report on Friday, January 9th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.50.

Orion Energy Systems Trading Up 0.2%

OESX opened at $12.87 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.95 and a debt-to-equity ratio of 0.76. The firm has a market cap of $52.12 million, a price-to-earnings ratio of -9.00 and a beta of 0.54. Orion Energy Systems has a 12 month low of $5.50 and a 12 month high of $18.64. The stock has a fifty day moving average price of $15.72 and a 200-day moving average price of $11.96.

Orion Energy Systems (NASDAQ:OESX) last announced its earnings results on Thursday, February 5th. The electronics maker reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.22. The firm had revenue of $21.09 million for the quarter, compared to the consensus estimate of $20.81 million. Orion Energy Systems had a negative return on equity of 31.62% and a negative net margin of 5.62%. As a group, equities research analysts anticipate that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

About Orion Energy Systems

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.