Energy Focus Inc (NASDAQ:EFOI) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totalling 276,400 shares, a drop of 5.1% from the June 30th total of 291,200 shares. Based on an average daily volume of 543,300 shares, the short-interest ratio is currently 0.5 days. Approximately 3.2% of the shares of the stock are sold short.

Energy Focus stock opened at $0.49 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.93. The stock has a fifty day moving average of $0.47 and a two-hundred day moving average of $0.71. The company has a market capitalization of $6.06 million, a price-to-earnings ratio of -0.66 and a beta of 0.72. Energy Focus has a fifty-two week low of $0.38 and a fifty-two week high of $2.34.

Energy Focus (NASDAQ:EFOI) last released its quarterly earnings results on Monday, July 22nd. The construction company reported ($0.24) earnings per share for the quarter. The company had revenue of $3.18 million for the quarter. Energy Focus had a negative return on equity of 77.00% and a negative net margin of 57.66%. On average, analysts forecast that Energy Focus will post -0.33 EPS for the current fiscal year.

An institutional investor recently raised its position in Energy Focus stock. Vanguard Group Inc. grew its stake in shares of Energy Focus Inc (NASDAQ:EFOI) by 31.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,247 shares of the construction company’s stock after buying an additional 34,742 shares during the period. Vanguard Group Inc. owned 1.17% of Energy Focus worth $59,000 at the end of the most recent reporting period. 12.88% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded Energy Focus from a “hold” rating to a “sell” rating in a research note on Monday, July 29th.

Energy Focus Company Profile

Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems in the United States and internationally. It offers various light-emitting diode (LED) lighting technologies, including military maritime products, such as Military Intellitube, globe lights, berth lights, and fixtures to serve the United States navy and allied foreign navies.

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