Energy Focus Inc (NASDAQ:EFOI) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 213,100 shares, an increase of 12.6% from the August 30th total of 189,200 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average trading volume of 488,200 shares, the days-to-cover ratio is presently 0.4 days.

Energy Focus stock traded up $0.01 during trading on Wednesday, reaching $0.45. 25,689 shares of the company were exchanged, compared to its average volume of 174,953. Energy Focus has a 52-week low of $0.38 and a 52-week high of $1.92. The company has a market capitalization of $5.57 million, a P/E ratio of -0.61 and a beta of 0.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.71 and a quick ratio of 0.64. The stock’s 50 day simple moving average is $0.45 and its two-hundred day simple moving average is $0.52.

Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings data on Friday, September 13th. The construction company reported ($0.18) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.18). The firm had revenue of $3.08 million for the quarter. Energy Focus had a negative return on equity of 99.79% and a negative net margin of 69.05%. As a group, equities analysts forecast that Energy Focus will post -0.68 earnings per share for the current year.

A hedge fund recently raised its stake in Energy Focus stock. Vanguard Group Inc. boosted its holdings in shares of Energy Focus Inc (NASDAQ:EFOI) by 31.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,247 shares of the construction company’s stock after acquiring an additional 34,742 shares during the quarter. Vanguard Group Inc. owned about 1.17% of Energy Focus worth $59,000 at the end of the most recent quarter. 13.38% of the stock is owned by institutional investors.

A number of equities analysts recently commented on EFOI shares. HC Wainwright upgraded Energy Focus to a “buy” rating and set a $2.75 price objective on the stock in a research report on Monday, September 16th. Zacks Investment Research downgraded Energy Focus from a “hold” rating to a “sell” rating in a research report on Monday, July 29th.

About Energy Focus

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.

Read More: Return on Investment (ROI)

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