Energy Focus, Inc. (NASDAQ:EFOI) Short Interest Down 7.9% in June

Energy Focus, Inc. (NASDAQ:EFOI) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 16,300 shares, a drop of 7.9% from the May 31st total of 17,700 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 18,100 shares, the short-interest ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Energy Focus in a research note on Thursday, June 27th. They set a “sell” rating on the stock.

Energy Focus Stock Down 2.3 %

Shares of EFOI traded down $0.03 during midday trading on Wednesday, reaching $1.33. 2,290 shares of the stock were exchanged, compared to its average volume of 128,512. The stock’s 50 day simple moving average is $1.64 and its 200 day simple moving average is $1.58. Energy Focus has a twelve month low of $1.20 and a twelve month high of $2.90.

Energy Focus (NASDAQ:EFOI) last issued its quarterly earnings data on Monday, May 13th. The construction company reported ($0.13) earnings per share for the quarter. Energy Focus had a negative return on equity of 107.49% and a negative net margin of 60.11%. The business had revenue of $0.83 million during the quarter.

About Energy Focus

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.