Orion Energy Systems, Inc. (NASDAQ:OESX) Short Interest Update
by Jessica Moore · The Cerbat GemOrion Energy Systems, Inc. (NASDAQ:OESX – Get Free Report) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 26,392 shares, an increase of 96.2% from the November 30th total of 13,450 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 88,600 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 88,600 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.8% of the company’s shares are short sold.
Orion Energy Systems Stock Down 1.1%
Shares of OESX traded down $0.18 during trading hours on Friday, reaching $15.81. The stock had a trading volume of 39,408 shares, compared to its average volume of 72,807. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 0.81. The firm has a 50-day simple moving average of $13.82 and a 200 day simple moving average of $9.41. Orion Energy Systems has a 12 month low of $5.50 and a 12 month high of $18.60. The company has a market capitalization of $55.81 million, a price-to-earnings ratio of -8.03 and a beta of 0.52.
Orion Energy Systems (NASDAQ:OESX – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The electronics maker reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.55. The firm had revenue of $19.92 million for the quarter, compared to analyst estimates of $20.30 million. Orion Energy Systems had a negative net margin of 7.81% and a negative return on equity of 43.64%. Equities research analysts predict that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Orion Energy Systems
An institutional investor recently raised its position in Orion Energy Systems stock. Grace & White Inc. NY grew its position in shares of Orion Energy Systems, Inc. (NASDAQ:OESX – Free Report) by 3.6% during the second quarter, according to its most recent filing 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 8.66% of Orion Energy Systems worth $1,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 52.59% of the company’s stock.
Wall Street Analysts Forecast Growth
OESX has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Energy Systems in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of Orion Energy Systems to a “strong-buy” rating in a report on Saturday, December 6th. Finally, HC Wainwright lifted their price target on shares of Orion Energy Systems to $20.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.50.
Check Out Our Latest Analysis on OESX
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.