Short Interest in Acorn Energy, Inc. (OTCMKTS:ACFN) Drops By 90.0%

Acorn Energy, Inc. (OTCMKTS:ACFN) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 100 shares, a drop of 90.0% from the August 31st total of 1,000 shares. Based on an average trading volume of 5,100 shares, the days-to-cover ratio is presently 0.0 days.

Acorn Energy Price Performance

ACFN opened at $9.62 on Friday. The firm has a market capitalization of $23.93 million, a PE ratio of 139.29 and a beta of 0.65. The business’s 50-day moving average is $9.73 and its two-hundred day moving average is $9.13. Acorn Energy has a 1 year low of $4.50 and a 1 year high of $11.00.

Acorn Energy (OTCMKTS:ACFN) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $2.28 million for the quarter. Acorn Energy had a net margin of 5.08% and a negative return on equity of 61.26%.

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.