Acorn Energy, Inc. (OTCMKTS:ACFN) Short Interest Up 500.0% in October

Acorn Energy, Inc. (OTCMKTS:ACFN) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 600 shares, an increase of 500.0% from the September 30th total of 100 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is presently 0.2 days.

Acorn Energy Price Performance

Shares of ACFN opened at $13.20 on Friday. The firm has a 50-day simple moving average of $10.54 and a two-hundred day simple moving average of $9.71. The stock has a market cap of $32.83 million, a PE ratio of 188.57 and a beta of 0.65. Acorn Energy has a 1-year low of $4.96 and a 1-year high of $13.80.

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

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.