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

Acorn Energy, Inc. (OTCMKTS:ACFN) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 200 shares, an increase of 100.0% from the February 29th total of 100 shares. Based on an average daily volume of 4,800 shares, the short-interest ratio is presently 0.0 days.

Acorn Energy Stock Down 4.1 %

ACFN stock opened at $7.00 on Friday. The business’s fifty day simple moving average is $6.44 and its two-hundred day simple moving average is $6.43. Acorn Energy has a twelve month low of $4.00 and a twelve month high of $8.50. The firm has a market cap of $17.41 million, a price-to-earnings ratio of 175.00 and a beta of 0.76.

Acorn Energy (OTCMKTS:ACFN) last released its earnings results on Thursday, March 7th. The technology company reported $0.03 earnings per share for the quarter. The business had revenue of $2.25 million for the quarter. Acorn Energy had a negative return on equity of 12.58% and a net margin of 1.48%.

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 through 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, compressors, pumps, pumpjacks, light towers, turbines, and other industrial equipment; and Internet of Things applications.