Short Interest in Energy Focus, Inc. (NASDAQ:EFOI) Grows By 16.4%

Energy Focus, Inc. (NASDAQ:EFOI) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 22,700 shares, a growth of 16.4% from the September 15th total of 19,500 shares. Based on an average daily trading volume, of 5,700 shares, the days-to-cover ratio is presently 4.0 days. Approximately 0.6% of the shares of the company are short sold.

Energy Focus Price Performance

EFOI stock traded up $0.07 during midday trading on Wednesday, hitting $1.32. 15,257 shares of the stock traded hands, compared to its average volume of 83,724. The stock’s fifty day simple moving average is $1.35 and its 200-day simple moving average is $1.47. The firm has a market cap of $6.24 million, a P/E ratio of -2.20 and a beta of 1.79. Energy Focus has a 1-year low of $1.14 and a 1-year high of $2.90.

Energy Focus (NASDAQ:EFOI) last posted its earnings results on Monday, August 12th. The construction company reported ($0.12) EPS for the quarter. The business had revenue of $1.55 million for the quarter. Energy Focus had a negative net margin of 45.19% and a negative return on equity of 86.25%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Energy Focus in a research note on Wednesday, October 9th. They set a “sell” rating on the stock.

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.