Acorn Energy, Inc. (OTCMKTS:ACFN) Sees Large Increase in Short Interest

Acorn Energy, Inc. (OTCMKTS:ACFN) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 200 shares, a growth of 100.0% from the March 31st total of 100 shares. Based on an average trading volume of 1,900 shares, the days-to-cover ratio is currently 0.1 days.

Acorn Energy Price Performance

Shares of OTCMKTS:ACFN opened at $8.25 on Friday. Acorn Energy has a 12 month low of $4.00 and a 12 month high of $8.95. The business’s 50 day simple moving average is $7.00 and its 200-day simple moving average is $6.54. The firm has a market capitalization of $20.54 million, a price-to-earnings ratio of 206.30 and a beta of 0.78.

Acorn Energy (OTCMKTS:ACFN) last posted its earnings results on Thursday, March 7th. The technology company reported $0.03 earnings per share (EPS) for the quarter. Acorn Energy had a negative return on equity of 12.58% and a net margin of 1.48%. The firm had revenue of $2.25 million for the quarter.

About Acorn Energy

Acorn Energy, Inc, together with its subsidiaries, develops and markets wireless remote monitoring and control systems for various markets in the United States and internationally. It operates in two segments, Power Generation (PG) Monitoring and Cathodic Protection (CP) Monitoring. The PG segment provides wireless remote monitoring and control systems, and services for critical assets, which include stand-by power generators, pumps, pumpjacks, light towers, turbines, compressors, fire pumps, and other industrial equipment; and Internet of Things applications.