Short Interest in Energy Focus, Inc. (NASDAQ:EFOI) Rises By 437.0%

Energy Focus, Inc. (NASDAQ:EFOI) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 98,800 shares, a growth of 437.0% from the February 13th total of 18,400 shares. Based on an average daily trading volume, of 1,240,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.9% of the shares of the company are sold short.

Energy Focus Stock Up 4.7 %

Shares of EFOI stock traded up $0.10 during trading hours on Wednesday, reaching $2.25. 14,209 shares of the company’s stock were exchanged, compared to its average volume of 1,716,880. Energy Focus has a fifty-two week low of $1.14 and a fifty-two week high of $2.95. The business has a fifty day moving average price of $1.63 and a 200-day moving average price of $1.43. The stock has a market capitalization of $11.84 million, a P/E ratio of -5.77 and a beta of 1.73.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Energy Focus in a report on Monday. They set a “sell” rating for the company.

Energy Focus Company Profile

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.