Short Interest in Acorn Energy, Inc. (OTCMKTS:ACFN) Increases By 900.0%

Acorn Energy, Inc. (OTCMKTS:ACFN) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,000 shares, a growth of 900.0% from the August 15th total of 100 shares. Based on an average daily volume of 5,600 shares, the short-interest ratio is currently 0.2 days.

Acorn Energy Stock Performance

Shares of ACFN stock traded down $0.70 during trading on Thursday, hitting $9.30. 10,158 shares of the company were exchanged, compared to its average volume of 2,191. The business’s 50-day simple moving average is $9.64 and its 200 day simple moving average is $8.89. Acorn Energy has a twelve month low of $4.50 and a twelve month high of $11.00. The firm has a market capitalization of $23.13 million, a price-to-earnings ratio of 132.86 and a beta of 0.65.

Acorn Energy (OTCMKTS:ACFN) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 EPS for the quarter. Acorn Energy had a net margin of 5.08% and a negative return on equity of 61.26%. The business had revenue of $2.28 million for the quarter.

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.