Energy Focus, Inc. (NASDAQ:EFOI) Sees Large Decrease in Short Interest

Energy Focus, Inc. (NASDAQ:EFOI) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 37,700 shares, a decline of 46.2% from the February 29th total of 70,100 shares. Based on an average trading volume of 232,500 shares, the short-interest ratio is presently 0.2 days. Currently, 1.3% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Energy Focus in a report on Saturday, March 23rd. They set a “sell” rating on the stock.

Institutional Trading of Energy Focus

A hedge fund recently raised its stake in Energy Focus stock. International Assets Investment Management LLC raised its holdings in Energy Focus, Inc. (NASDAQ:EFOI) by 50.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,200 shares of the construction company’s stock after purchasing an additional 27,500 shares during the period. International Assets Investment Management LLC owned 1.27% of Energy Focus worth $112,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 3.67% of the company’s stock.

Energy Focus Stock Performance

EFOI stock traded up $0.02 during trading on Thursday, reaching $1.59. 4,777 shares of the company were exchanged, compared to its average volume of 247,293. The company has a market cap of $7.06 million, a P/E ratio of -0.57 and a beta of 1.86. Energy Focus has a 52-week low of $1.20 and a 52-week high of $4.13. The stock’s 50 day moving average price is $1.59 and its 200 day moving average price is $1.64.

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.