Orion Energy Systems, Inc. (NASDAQ:OESX) Short Interest Update

Orion Energy Systems, Inc. (NASDAQ:OESX) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 94,600 shares, an increase of 19.4% from the February 13th total of 79,200 shares. Based on an average daily trading volume, of 78,400 shares, the short-interest ratio is currently 1.2 days. Currently, 0.3% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of Orion Energy Systems in a report on Wednesday, February 12th. StockNews.com began coverage on Orion Energy Systems in a report on Tuesday, March 11th. They set a “hold” rating on the stock.

Orion Energy Systems Stock Performance

Shares of OESX traded down $0.01 during trading hours on Tuesday, hitting $0.73. The stock had a trading volume of 35,201 shares, compared to its average volume of 59,999. The firm has a 50-day moving average price of $0.82 and a 200 day moving average price of $0.85. Orion Energy Systems has a fifty-two week low of $0.68 and a fifty-two week high of $1.53. The firm has a market capitalization of $24.06 million, a price-to-earnings ratio of -3.18 and a beta of 1.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.89 and a current ratio of 1.40.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01. Orion Energy Systems had a negative return on equity of 48.85% and a negative net margin of 8.54%. As a group, research analysts anticipate that Orion Energy Systems will post -0.32 EPS for the current year.

Institutional Trading of Orion Energy Systems

Several institutional investors have recently made changes to their positions in OESX. Geode Capital Management LLC boosted its holdings in Orion Energy Systems by 9.0% in the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after purchasing an additional 25,816 shares during the period. Mariner LLC acquired a new stake in shares of Orion Energy Systems during the 4th quarter valued at approximately $35,000. Grace & White Inc. NY lifted its stake in Orion Energy Systems by 1.9% during the fourth quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock worth $2,197,000 after purchasing an additional 50,138 shares during the last quarter. Finally, Tieton Capital Management LLC lifted its position in Orion Energy Systems by 25.6% in the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after purchasing an additional 541,773 shares during the last quarter. Hedge funds and other institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).