Short Interest in Orion Energy Systems, Inc. (NASDAQ:OESX) Declines By 51.2%

Orion Energy Systems, Inc. (NASDAQ:OESX) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 12,872 shares, a decrease of 51.2% from the December 15th total of 26,392 shares. Based on an average daily trading volume, of 55,483 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 55,483 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OESX. Weiss Ratings reiterated a “sell (d-)” rating on shares of Orion Energy Systems in a research report on Friday. Wall Street Zen raised Orion Energy Systems to a “strong-buy” rating in a research note on Saturday, December 6th. HC Wainwright raised their target price on Orion Energy Systems to $20.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Finally, Zacks Research upgraded Orion Energy Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.50.

Institutional Trading of Orion Energy Systems

A hedge fund recently raised its stake in Orion Energy Systems stock. Grace & White Inc. NY raised its position in Orion Energy Systems, Inc. (NASDAQ:OESX) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,884,085 shares of the electronics maker’s stock after acquiring an additional 99,499 shares during the quarter. Grace & White Inc. NY owned approximately 8.66% of Orion Energy Systems worth $1,731,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 52.59% of the company’s stock.

Orion Energy Systems Stock Up 4.1%

Shares of NASDAQ:OESX traded up $0.68 during midday trading on Wednesday, reaching $17.34. 75,533 shares of the company were exchanged, compared to its average volume of 59,198. The firm has a market cap of $61.23 million, a PE ratio of -8.80 and a beta of 0.53. Orion Energy Systems has a fifty-two week low of $5.50 and a fifty-two week high of $18.63. The stock has a fifty day simple moving average of $15.37 and a two-hundred day simple moving average of $10.29. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 0.81.

Orion Energy Systems (NASDAQ:OESX) last released its earnings results on Wednesday, November 5th. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.55. The firm had revenue of $19.92 million during the quarter, compared to analysts’ expectations of $20.30 million. Orion Energy Systems had a negative return on equity of 43.64% and a negative net margin of 7.81%. As a group, sell-side analysts forecast that Orion Energy Systems will post -0.32 earnings per share for the current year.

About Orion Energy Systems

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.