EnSync Inc (NYSEAMERICAN:ESNC) saw a large increase in short interest in September. As of September 14th, there was short interest totalling 2,862,471 shares, an increase of 19.1% from the August 31st total of 2,402,751 shares. Based on an average daily trading volume, of 789,142 shares, the days-to-cover ratio is presently 3.6 days. Currently, 8.5% of the company’s stock are short sold.

In other EnSync news, Director Theodore Stern purchased 192,308 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were acquired at an average price of $0.26 per share, for a total transaction of $50,000.08. Following the acquisition, the director now owns 784,579 shares of the company’s stock, valued at $203,990.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

EnSync stock opened at $0.30 on Wednesday. EnSync has a 1-year low of $0.18 and a 1-year high of $0.58.

Separately, Zacks Investment Research downgraded shares of EnSync from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th.

EnSync Company Profile

EnSync, Inc, together with its subsidiaries, develops, licenses, and manufactures energy management systems solutions for the commercial and industrial building, utility, and off-grid markets in the United States and internationally. The company's products include Matrix energy management, an energy control system for the commercial and industrial, and multi-tenant building markets; DER Flex Internet of energy control platform, a software platform that seamlessly connects to DERs and controls the flow of electricity, as well as offers aggregation and monetization opportunities for providing utility grid services; DER SuperModule system, a self-contained DER system that integrates with renewable generation, customer load, and grid interconnection for deploying the least expensive, highest value, and most reliable electricity; and Agile Hybrid advanced energy storage system, an energy storage system to deliver power and energy for behind-the-meter applications in commercial, industrial, multi-tenant, and resort buildings.

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