Orion Energy Systems, Inc. (NASDAQ:OESX) Short Interest Down 40.2% in March

Orion Energy Systems, Inc. (NASDAQ:OESX) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 56,600 shares, a decline of 40.2% from the February 28th total of 94,600 shares. Based on an average daily volume of 69,200 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OESX shares. StockNews.com began coverage on shares of Orion Energy Systems in a research note on Thursday. They issued a “hold” rating for the company. HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of Orion Energy Systems in a research report on Wednesday, February 12th.

Orion Energy Systems Stock Performance

Orion Energy Systems stock traded down $0.00 during trading on Friday, hitting $0.76. The stock had a trading volume of 47,503 shares, compared to its average volume of 60,267. The company has a quick ratio of 0.89, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The stock has a market cap of $24.91 million, a price-to-earnings ratio of -3.29 and a beta of 1.39. Orion Energy Systems has a 1 year low of $0.68 and a 1 year high of $1.53. The stock’s 50 day moving average is $0.81 and its two-hundred day moving average is $0.85.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.54% and a negative return on equity of 48.85%. As a group, analysts predict that Orion Energy Systems will post -0.32 EPS for the current year.

Institutional Trading of Orion Energy Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mariner LLC purchased a new position in shares of Orion Energy Systems during the 4th quarter valued at $35,000. Geode Capital Management LLC grew its position in Orion Energy Systems by 9.0% during the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after buying an additional 25,816 shares in the last quarter. Tieton Capital Management LLC raised its holdings in shares of Orion Energy Systems by 25.6% in the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after acquiring an additional 541,773 shares in the last quarter. Finally, Grace & White Inc. NY boosted its position in shares of Orion Energy Systems by 1.9% during the 4th quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock valued at $2,197,000 after acquiring an additional 50,138 shares during the last quarter. Institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).