Short Interest in Orion Energy Systems, Inc. (NASDAQ:OESX) Grows By 85.7%

Orion Energy Systems, Inc. (NASDAQ:OESX) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 23,088 shares, a growth of 85.7% from the January 29th total of 12,432 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 73,823 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 73,823 shares, the short-interest ratio is presently 0.3 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Investors Weigh In On Orion Energy Systems

Several hedge funds have recently modified their holdings of the business. Tieton Capital Management LLC grew its stake in shares of Orion Energy Systems by 0.6% in the fourth quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker’s stock worth $3,940,000 after acquiring an additional 1,580 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Orion Energy Systems in the 4th quarter valued at $202,000. NewEdge Advisors LLC acquired a new stake in Orion Energy Systems in the 4th quarter worth $232,000. North Star Investment Management Corp. increased its holdings in shares of Orion Energy Systems by 6.3% during the 4th quarter. North Star Investment Management Corp. now owns 407,452 shares of the electronics maker’s stock worth $6,267,000 after purchasing an additional 23,998 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Orion Energy Systems during the fourth quarter valued at about $706,000. 52.59% of the stock is owned by institutional investors.

Orion Energy Systems Stock Performance

NASDAQ:OESX opened at $11.12 on Monday. The firm has a market capitalization of $45.04 million, a PE ratio of -7.78 and a beta of 0.60. Orion Energy Systems has a 1 year low of $5.50 and a 1 year high of $18.64. 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’s fifty day simple moving average is $15.05 and its 200 day simple moving average is $12.26.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Thursday, February 5th. The electronics maker reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.22. The company 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%. On average, sell-side analysts anticipate that Orion Energy Systems will post -0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Energy Systems in a research note on Friday, January 9th. Wall Street Zen upgraded Orion Energy Systems to a “strong-buy” rating in a report on Saturday, December 6th. Finally, Zacks Research cut Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Orion Energy Systems currently has an average rating of “Hold” and an average target price of $17.50.

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.