Short Interest in Energy Focus Inc (NASDAQ:EFOI) Decreases By 5.1%
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.
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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