EnSync Inc (ESNC) Short Interest Up 2.1% in December
EnSync Inc (NYSEAMERICAN:ESNC) saw a significant increase in short interest in December. As of December 29th, there was short interest totalling 1,873,546 shares, an increase of 2.1% from the December 15th total of 1,835,094 shares. Currently, 5.3% of the company’s stock are short sold. Based on an average daily volume of 610,460 shares, the days-to-cover ratio is currently 3.1 days.
EnSync (NYSEAMERICAN:ESNC) opened at $0.48 on Friday. EnSync has a one year low of $0.31 and a one year high of $0.80. The company has a market capitalization of $25.38, a PE ratio of -6.86 and a beta of 0.69.
A hedge fund recently raised its stake in EnSync stock. ICM Asset Management Inc. WA boosted its position in EnSync Inc (NYSEAMERICAN:ESNC) by 47.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 735,500 shares of the technology company’s stock after buying an additional 237,700 shares during the quarter. ICM Asset Management Inc. WA owned approximately 1.32% of EnSync worth $379,000 at the end of the most recent quarter.
Several research analysts recently commented on ESNC shares. Zacks Investment Research upgraded EnSync from a “hold” rating to a “buy” rating and set a $0.50 price target on the stock in a research note on Friday, December 8th. Roth Capital started coverage on EnSync in a research note on Tuesday, September 19th. They issued a “buy” rating and a $0.85 price target on the stock. Finally, HC Wainwright set a $2.00 price target on EnSync and gave the stock a “buy” rating in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $1.21.
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EnSync, Inc is engaged in developing, licensing and manufacturing energy management systems solutions serving the commercial and industrial (C&I) building, utility, and off-grid markets. The Company develops and commercializes product and service solutions for the distributed energy generation market, including energy management systems, energy storage systems, applications, and Internet of energy platforms that link distributed energy resources with the grid network.
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