Short Interest in Dialight plc (OTCMKTS:DIALF) Drops By 44.8%

Dialight plc (OTCMKTS:DIALF) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 689 shares, a drop of 44.8% from the December 31st total of 1,249 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Dialight Price Performance

DIALF remained flat at $4.10 during trading on Friday. The stock’s 50 day moving average is $3.88 and its 200-day moving average is $3.29. Dialight has a 1-year low of $1.42 and a 1-year high of $4.10.

Analysts Set New Price Targets

Separately, Barclays downgraded shares of Dialight to an “underweight” rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Dialight has a consensus rating of “Hold”.

Dialight Company Profile

Dialight PLC is a global provider of industrial LED lighting solutions, specializing in energy-efficient and durable products designed for demanding environments. The company’s product portfolio includes a wide range of LED linear and area luminaires, high- and low-bay fixtures, task lighting, signal beacons and optical safety indicators, as well as specialty solutions for hazardous location applications in oil and gas, mining, marine and transportation sectors.

Founded in the United Kingdom and headquartered in Farnborough, Hampshire, Dialight draws on more than 80 years of expertise in lighting technology.