Acorn Energy, Inc. (OTCMKTS:ACFN) Short Interest Down 50.0% in February

Acorn Energy, Inc. (OTCMKTS:ACFN) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 100 shares, a drop of 50.0% from the February 13th total of 200 shares. Based on an average daily volume of 5,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Acorn Energy Price Performance

Acorn Energy stock opened at $16.75 on Friday. The stock has a market capitalization of $41.72 million, a price-to-earnings ratio of 36.41 and a beta of 0.62. Acorn Energy has a 1-year low of $6.40 and a 1-year high of $19.50. The business has a fifty day moving average price of $17.70 and a 200-day moving average price of $15.29.

Acorn Energy (OTCMKTS:ACFN) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.31 earnings per share for the quarter. Acorn Energy had a negative return on equity of 275.24% and a net margin of 11.80%. The firm had revenue of $3.53 million during 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.