Orion Energy Systems, Inc. (NASDAQ:OESX) Short Interest Update

Orion Energy Systems, Inc. (NASDAQ:OESX) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 54,844 shares, an increase of 140.1% from the July 30th total of 22,841 shares. Based on an average daily volume of 157,478 shares, the short-interest ratio is presently 0.3 days. Currently, 1.4% of the company’s stock are sold short.

Institutional Trading of Orion Energy Systems

Several large investors have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new position in shares of Orion Energy Systems during the fourth quarter worth $202,000. NewEdge Advisors LLC purchased a new stake in Orion Energy Systems in the fourth quarter valued at $232,000. Marshall Wace LLP acquired a new stake in Orion Energy Systems during the 4th quarter worth about $706,000. Sei Investments Co. grew its position in Orion Energy Systems by 114.3% during the 1st quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock worth $1,137,000 after purchasing an additional 69,387 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Orion Energy Systems by 32.4% during the 1st quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock valued at $1,560,000 after buying an additional 43,693 shares during the last quarter. 52.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OESX has been the topic of several research analyst reports. HC Wainwright restated a “buy” rating and set a $30.00 target price on shares of Orion Energy Systems in a research note on Thursday, August 6th. Wall Street Zen upgraded Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Finally, Zacks Research raised shares of Orion Energy Systems from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Orion Energy Systems has an average rating of “Moderate Buy” and an average price target of $30.00.

Orion Energy Systems Stock Performance

Shares of OESX stock traded down $0.13 during mid-day trading on Friday, reaching $26.50. The stock had a trading volume of 174,517 shares, compared to its average volume of 121,793. Orion Energy Systems has a 1-year low of $6.87 and a 1-year high of $27.37. The firm has a market cap of $108.39 million, a price-to-earnings ratio of -530.00 and a beta of 0.77. The company has a current ratio of 1.54, a quick ratio of 1.13 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average is $14.20 and its 200-day moving average is $11.51.

Orion Energy Systems (NASDAQ:OESX) last released its earnings results on Wednesday, August 5th. The electronics maker reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.40. Orion Energy Systems had a return on equity of 11.66% and a net margin of 0.04%.The firm had revenue of $25.74 million during the quarter, compared to the consensus estimate of $23.56 million. On average, research analysts forecast that Orion Energy Systems will post 0.23 earnings per share for the current year.

Orion Energy Systems Company Profile

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.