Posted by admin on Jun 13th, 2022
Energy Focus, Inc. (NASDAQ:EFOI – Get Rating) saw a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 34,100 shares, a decrease of 45.8% from the May 15th total of 62,900 shares. Based on an average daily volume of 3,370,000 shares, the days-to-cover ratio is currently 0.0 days.
A number of analysts recently weighed in on EFOI shares. HC Wainwright lowered shares of Energy Focus from a “buy” rating to a “neutral” rating in a research note on Friday, May 13th. StockNews.com started coverage on Energy Focus in a research report on Thursday. They issued a “sell” rating on the stock.
Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC increased its position in shares of Energy Focus by 50.3% during the first quarter. International Assets Investment Management LLC now owns 82,200 shares of the construction company’s stock worth $112,000 after purchasing an additional 27,500 shares in the last quarter. Geode Capital Management LLC lifted its stake in Energy Focus by 207.3% in the third quarter. Geode Capital Management LLC now owns 76,711 shares of the construction company’s stock valued at $238,000 after buying an additional 51,746 shares during the last quarter. Millennium Management LLC purchased a new stake in Energy Focus in the third quarter valued at approximately $147,000. Citadel Advisors LLC acquired a new stake in shares of Energy Focus in the third quarter valued at approximately $99,000. Finally, Virtu Financial LLC purchased a new position in shares of Energy Focus during the fourth quarter worth approximately $93,000. 16.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EFOI traded down $0.12 during trading on Monday, reaching $2.40. 35,327 shares of the company traded hands, compared to its average volume of 2,208,320. Energy Focus has a twelve month low of $0.76 and a twelve month high of $7.10. The stock has a 50-day simple moving average of $1.19 and a 200-day simple moving average of $1.85.
Energy Focus (NASDAQ:EFOI – Get Rating) last posted its quarterly earnings results on Thursday, May 12th. The construction company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.11). The business had revenue of $2.06 million during the quarter, compared to analyst estimates of $2.31 million. Energy Focus had a negative return on equity of 183.63% and a negative net margin of 97.59%. During the same quarter last year, the firm earned ($0.45) EPS. As a group, sell-side analysts expect that Energy Focus will post -1.2 earnings per share for the current fiscal year.
About Energy Focus (Get Rating)
Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems, and controls and ultraviolet-C light disinfection products in the United States and internationally. It offers military maritime market light-emitting diode (LED) lighting products, such as Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED; and Military-grade fixtures, including LED globe lights, berth lights; high-bay fixtures and LED retrofit kits to serve the United States navy and allied foreign navies.
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