Energy Focus, Inc. (NASDAQ:EFOI) Short Interest Update

Energy Focus, Inc. (NASDAQ:EFOI) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 58,368 shares, a growth of 39.0% from the March 15th total of 41,980 shares. Based on an average daily trading volume, of 14,869 shares, the days-to-cover ratio is presently 3.9 days. Approximately 1.5% of the shares of the company are sold short.

Institutional Trading of Energy Focus

Several hedge funds and other institutional investors have recently bought and sold shares of EFOI. DRW Securities LLC bought a new position in shares of Energy Focus during the 4th quarter worth about $37,000. Renaissance Technologies LLC bought a new position in shares of Energy Focus during the 4th quarter worth about $27,000. Finally, Citadel Advisors LLC bought a new position in shares of Energy Focus during the 3rd quarter worth about $37,000. 3.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Focus in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Energy Focus presently has an average rating of “Sell”.

Energy Focus Price Performance

NASDAQ EFOI opened at $2.09 on Friday. The firm has a market capitalization of $13.18 million, a price-to-earnings ratio of -11.61 and a beta of 1.50. The company’s fifty day moving average is $1.88 and its two-hundred day moving average is $2.24. Energy Focus has a 52-week low of $1.43 and a 52-week high of $3.56.

Energy Focus (NASDAQ:EFOI) last posted its quarterly earnings results on Tuesday, March 24th. The construction company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.89) by $1.83. The company had revenue of $0.98 million for the quarter, compared to analyst estimates of $3.89 million. Energy Focus had a negative net margin of 28.85% and a negative return on equity of 31.83%.

Energy Focus Company Profile

Energy Focus, Inc is a United States–based innovator in sustainable lighting and disinfection solutions. The company designs, manufactures and sells high-performance LED lighting fixtures and lamps tailored for commercial, industrial and specialty applications. In addition to energy-efficient illumination products, Energy Focus offers ultraviolet-C (UV-C) germicidal lighting systems designed to inactivate microbes on surfaces and in the air, addressing growing demand for hygienic environments in healthcare, education, transportation and other sectors.

Founded in 1985 as a spin-out of U.S.