Short Interest in Acorn Energy, Inc. (OTCMKTS:ACFN) Rises By 500.0%

Acorn Energy, Inc. (OTCMKTS:ACFN) saw a significant 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 trading volume, of 3,900 shares, the days-to-cover ratio is currently 0.2 days.

Acorn Energy Price Performance

Shares of ACFN stock opened at $13.20 on Friday. The stock has a 50 day simple moving average of $10.54 and a 200-day simple moving average of $9.71. Acorn Energy has a 1-year low of $4.96 and a 1-year high of $13.80. The company has a market cap of $32.83 million, a price-to-earnings ratio of 188.57 and a beta of 0.65.

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

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.