Energy Focus, Inc. (NASDAQ:EFOI) Sees Significant Growth in Short Interest

Energy Focus, Inc. (NASDAQ:EFOI) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 322,823 shares, a growth of 410.2% from the April 15th total of 63,274 shares. Based on an average trading volume of 15,880,531 shares, the days-to-cover ratio is presently 0.0 days. Currently, 10.0% of the shares of the company are sold short.

Energy Focus Stock Up 7.9%

EFOI stock opened at $4.23 on Friday. Energy Focus has a twelve month low of $1.51 and a twelve month high of $9.84. The company has a market cap of $26.65 million, a PE ratio of -28.20 and a beta of 2.15. The business’s 50-day simple moving average is $2.79 and its 200 day simple moving average is $2.42.

Energy Focus (NASDAQ:EFOI) last posted its quarterly earnings results on Tuesday, May 12th. The construction company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($1.82) by $1.80. Energy Focus had a negative return on equity of 25.63% and a negative net margin of 23.09%.The firm had revenue of $0.95 million during the quarter, compared to analysts’ expectations of $3.49 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Energy Focus from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Energy Focus currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC bought a new stake in Energy Focus in the 3rd quarter valued at $37,000. Renaissance Technologies LLC bought a new position in shares of Energy Focus during the 4th quarter worth about $27,000. Finally, DRW Securities LLC bought a new position in shares of Energy Focus during the 4th quarter worth about $37,000. 3.67% of the stock is owned by institutional investors.

About Energy Focus

Energy Focus, Inc is a United States–based innovator in sustainable lighting and disinfection solutions. The company designs, manufactures and sells high-performance LED lighting fixtures and lamps tailored for commercial, industrial and specialty applications. In addition to energy-efficient illumination products, Energy Focus offers ultraviolet-C (UV-C) germicidal lighting systems designed to inactivate microbes on surfaces and in the air, addressing growing demand for hygienic environments in healthcare, education, transportation and other sectors.

Founded in 1985 as a spin-out of U.S.