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

Acorn Energy, Inc. (OTCMKTS:ACFN) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 300 shares, a growth of 200.0% from the June 30th total of 100 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is currently 0.1 days.

Acorn Energy Stock Performance

Shares of ACFN opened at $8.90 on Thursday. Acorn Energy has a one year low of $4.00 and a one year high of $10.99. The stock has a market capitalization of $22.16 million, a price-to-earnings ratio of 127.14 and a beta of 0.70. The stock has a 50 day moving average price of $9.65 and a 200 day moving average price of $8.01.

Acorn Energy (OTCMKTS:ACFN) last issued its earnings results on Thursday, May 9th. The technology company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $2.13 million during the quarter. Acorn Energy had a negative return on equity of 31.38% and a net margin of 3.19%.

Acorn Energy Company Profile

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.