Telkonet Inc. (OTCMKTS:TKOI) Sees Large Increase in Short Interest

Telkonet Inc. (OTCMKTS:TKOI) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 76,620 shares, an increase of 981.3% from the June 15th total of 7,086 shares. Based on an average daily volume of 1,964,737 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

Telkonet Stock Down 10.0%

Telkonet stock traded down $0.00 during trading hours on Friday, reaching $0.03. 802,273 shares of the company were exchanged, compared to its average volume of 594,272. Telkonet has a 12 month low of $0.00 and a 12 month high of $0.04. The stock has a 50-day moving average of $0.02 and a 200 day moving average of $0.01.

Telkonet Company Profile

Telkonet, Inc is a technology company specializing in smart energy and water management solutions for commercial and institutional facilities. The company’s core business revolves around creating Internet of Things (IoT) devices, software platforms and control systems that enable automated, occupancy-based conservation of electricity, heating, cooling and water in settings such as hospitality, education, senior living, healthcare and government properties.

Central to Telkonet’s offering is its EcoSmart Energy suite, which includes programmable thermostats, occupancy sensors and networked gateways that communicate with cloud-based management software.