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

Acorn Energy, Inc. (OTCMKTS:ACFN) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 100 shares, a decline of 66.7% from the November 30th total of 300 shares. Based on an average daily trading volume, of 11,800 shares, the days-to-cover ratio is currently 0.0 days.

Acorn Energy Stock Up 4.0 %

ACFN stock opened at $18.72 on Friday. The company has a market cap of $46.58 million, a price-to-earnings ratio of 40.70 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 business has a 50 day moving average price of $16.40 and a two-hundred day moving average price of $12.12.

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.