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

Acorn Energy, Inc. (OTCMKTS:ACFN) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 300 shares, a decline of 40.0% from the November 15th total of 500 shares. Based on an average trading volume of 13,000 shares, the short-interest ratio is presently 0.0 days.

Acorn Energy Price Performance

ACFN opened at $18.00 on Friday. The stock has a market capitalization of $44.82 million, a price-to-earnings ratio of 39.13 and a beta of 0.69. Acorn Energy has a twelve month low of $5.76 and a twelve month high of $19.35. The company has a 50-day simple moving average of $15.01 and a 200 day simple moving average of $11.56.

About Acorn Energy

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.