Energy Focus, Inc. (NASDAQ:EFOI) Sees Significant Drop in Short Interest

Energy Focus, Inc. (NASDAQ:EFOI) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 38,400 shares, a decline of 61.1% from the February 28th total of 98,800 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is currently 0.0 days.

Energy Focus Trading Down 3.6 %

Shares of NASDAQ:EFOI traded down $0.07 during midday trading on Friday, hitting $1.85. The company had a trading volume of 6,174 shares, compared to its average volume of 331,147. Energy Focus has a 12 month low of $1.14 and a 12 month high of $2.95. The firm has a fifty day simple moving average of $1.82 and a 200 day simple moving average of $1.49. The stock has a market cap of $9.73 million, a price-to-earnings ratio of -4.74 and a beta of 1.73.

Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings results on Tuesday, March 25th. The construction company reported ($0.05) EPS for the quarter. Energy Focus had a negative net margin of 35.77% and a negative return on equity of 71.48%. The company had revenue of $1.28 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Energy Focus in a report on Wednesday. They issued a “sell” rating on the stock.

About Energy Focus

Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems, and controls and ultraviolet-C light disinfection products in the United States and internationally. It offers military maritime market light-emitting diode (LED) lighting products, such as Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED; and Military-grade fixtures, including LED globe lights, berth lights; high-bay fixtures and LED retrofit kits to serve the United States navy and allied foreign navies.