Energy Focus, Inc. (NASDAQ:EFOI) Sees Large Drop in Short Interest

Energy Focus, Inc. (NASDAQ:EFOI) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 26,588 shares, a decline of 36.5% from the February 12th total of 41,893 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 7,240 shares, the days-to-cover ratio is presently 3.7 days. Based on an average trading volume of 7,240 shares, the days-to-cover ratio is presently 3.7 days. Approximately 0.8% of the shares of the stock are short sold.

Energy Focus Trading Up 14.0%

Shares of EFOI traded up $0.25 during mid-day trading on Friday, hitting $2.03. 47,898 shares of the company traded hands, compared to its average volume of 22,310. The stock has a market capitalization of $11.65 million, a price-to-earnings ratio of -11.94 and a beta of 1.56. The business has a 50-day moving average of $2.05 and a 200 day moving average of $2.37. Energy Focus has a one year low of $1.43 and a one year high of $3.56.

Institutional Investors Weigh In On Energy Focus

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in shares of Energy Focus during the fourth quarter valued at $27,000. DRW Securities LLC acquired a new stake in Energy Focus in the fourth quarter worth about $37,000. Finally, Citadel Advisors LLC bought a new stake in shares of Energy Focus during the third quarter worth approximately $37,000. Institutional investors own 3.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Focus in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Energy Focus

Energy Focus, Inc is a United States–based innovator in sustainable lighting and disinfection solutions. The company designs, manufactures and sells high-performance LED lighting fixtures and lamps tailored for commercial, industrial and specialty applications. In addition to energy-efficient illumination products, Energy Focus offers ultraviolet-C (UV-C) germicidal lighting systems designed to inactivate microbes on surfaces and in the air, addressing growing demand for hygienic environments in healthcare, education, transportation and other sectors.

Founded in 1985 as a spin-out of U.S.