Acorn Energy, Inc. (OTCMKTS:ACFN) Short Interest Update

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

Acorn Energy Price Performance

Acorn Energy stock opened at $16.90 on Friday. The stock has a market capitalization of $42.10 million, a PE ratio of 36.74 and a beta of 0.62. The business’s fifty day moving average is $17.71 and its 200 day moving average is $15.22. Acorn Energy has a one year low of $6.40 and a one year high of $19.50.

Acorn Energy (OTCMKTS:ACFN) last released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.31 earnings per share (EPS) for the quarter. Acorn Energy had a negative return on equity of 275.24% and a net margin of 11.80%. The business 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.