EnSync Inc (NYSEAMERICAN:ESNC) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 2,367,345 shares, a decrease of 3.1% from the February 15th total of 2,442,002 shares. Based on an average daily volume of 180,430 shares, the days-to-cover ratio is currently 13.1 days. Currently, 6.4% of the shares of the stock are short sold.
Shares of EnSync (ESNC) traded up $0.01 during midday trading on Friday, reaching $0.36. 412,353 shares of the company were exchanged, compared to its average volume of 487,214. The firm has a market capitalization of $21.39, a price-to-earnings ratio of -18.00 and a beta of 0.65. EnSync has a 1 year low of $0.31 and a 1 year high of $0.80.
EnSync (NYSEAMERICAN:ESNC) last posted its earnings results on Tuesday, February 13th. The technology company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. The company had revenue of $4.85 million during the quarter, compared to the consensus estimate of $2.97 million. EnSync had a negative net margin of 53.88% and a negative return on equity of 85.43%.
Several analysts have recently commented on the stock. HC Wainwright set a $2.00 price target on shares of EnSync and gave the company a “buy” rating in a research report on Friday, December 15th. Zacks Investment Research lowered shares of EnSync from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. EnSync currently has an average rating of “Hold” and an average price target of $1.21.
EnSync, Inc is engaged in developing, licensing and manufacturing energy management systems solutions serving the commercial and industrial (C&I) building, utility, and off-grid markets. The Company develops and commercializes product and service solutions for the distributed energy generation market, including energy management systems, energy storage systems, applications, and Internet of energy platforms that link distributed energy resources with the grid network.
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