Short Interest in Orion Energy Systems, Inc. (NASDAQ:OESX) Increases By 19.4%

Orion Energy Systems, Inc. (NASDAQ:OESX) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 94,600 shares, a growth of 19.4% from the February 13th total of 79,200 shares. Based on an average daily trading volume, of 78,400 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OESX. Geode Capital Management LLC grew its position in Orion Energy Systems by 9.0% in the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after acquiring an additional 25,816 shares in the last quarter. Grace & White Inc. NY boosted its holdings in Orion Energy Systems by 1.9% during the fourth quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock valued at $2,197,000 after acquiring an additional 50,138 shares during the period. Tieton Capital Management LLC boosted its holdings in Orion Energy Systems by 25.6% in the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after purchasing an additional 541,773 shares during the period. Finally, Mariner LLC acquired a new stake in Orion Energy Systems in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Stock Down 1.3 %

Shares of NASDAQ OESX traded down $0.01 during mid-day trading on Tuesday, reaching $0.73. The company had a trading volume of 35,201 shares, compared to its average volume of 59,999. The stock has a fifty day moving average of $0.82 and a two-hundred day moving average of $0.85. Orion Energy Systems has a 12-month low of $0.68 and a 12-month high of $1.53. The company has a market capitalization of $24.06 million, a price-to-earnings ratio of -3.18 and a beta of 1.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.89 and a current ratio of 1.40.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.54% and a negative return on equity of 48.85%. As a group, equities research analysts expect that Orion Energy Systems will post -0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

OESX has been the subject of several research reports. StockNews.com began coverage on Orion Energy Systems in a research note on Tuesday, March 11th. They set a “hold” rating for the company. HC Wainwright restated a “buy” rating and set a $3.00 price target on shares of Orion Energy Systems in a report on Wednesday, February 12th.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).