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

Acorn Energy, Inc. (OTCMKTS:ACFN – Get Rating) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 1,100 shares, a drop of 95.3% from the April 30th total of 23,200 shares. Based on an average daily volume of 79,600 shares, the days-to-cover ratio is currently 0.0 days.

Acorn Energy Price Performance

Shares of ACFN opened at $0.28 on Friday. Acorn Energy has a one year low of $0.25 and a one year high of $0.62. The company has a 50-day simple moving average of $0.32 and a two-hundred day simple moving average of $0.34. The firm has a market capitalization of $11.16 million, a PE ratio of -14.00 and a beta of 0.82.

Acorn Energy Company Profile

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Acorn Energy, Inc is a holding company, which engages in the provision of technology driven solutions for energy infrastructure asset management. It operates through the Power Generation (PG) and Cathodic Protection (CP) segments. The PG segment offers wireless remote monitoring and control systems and services for critical assets, as well as Internet of Things (IoT) applications.