Energy Focus, Inc. (NASDAQ:EFOI) Short Interest Update

Energy Focus, Inc. (NASDAQ:EFOI) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 27,700 shares, an increase of 22.0% from the September 30th total of 22,700 shares. Based on an average daily trading volume, of 6,300 shares, the days-to-cover ratio is currently 4.4 days. Currently, 0.8% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Energy Focus in a report on Friday, October 25th. They issued a “sell” rating on the stock.

Energy Focus Stock Down 5.7 %

EFOI stock traded down $0.08 during mid-day trading on Wednesday, hitting $1.32. The company had a trading volume of 1,469 shares, compared to its average volume of 80,064. The company has a market capitalization of $6.24 million, a price-to-earnings ratio of -2.20 and a beta of 1.79. The company has a 50-day moving average price of $1.33 and a 200 day moving average price of $1.45. Energy Focus has a 12-month low of $1.14 and a 12-month high of $2.90.

Energy Focus (NASDAQ:EFOI) last posted its earnings results on Monday, August 12th. The construction company reported ($0.12) EPS for the quarter. The firm had revenue of $1.55 million during the quarter. Energy Focus had a negative return on equity of 86.25% and a negative net margin of 45.19%.

Energy Focus Company Profile

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.