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

Acorn Energy, Inc. (OTCMKTS:ACFN) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 200 shares, a growth of 100.0% from the March 31st total of 100 shares. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is presently 0.1 days.

Acorn Energy Stock Performance

Acorn Energy stock opened at $9.00 on Friday. Acorn Energy has a one year low of $4.00 and a one year high of $9.00. The company has a 50-day simple moving average of $7.06 and a 200-day simple moving average of $6.56. The firm has a market capitalization of $22.41 million, a P/E ratio of 225.06 and a beta of 0.78.

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

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.