Short Interest in Orion Energy Systems, Inc. (NASDAQ:OESX) Increases By 19.4%

Orion Energy Systems, Inc. (NASDAQ:OESX) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 94,600 shares, an increase of 19.4% from the February 13th total of 79,200 shares. Based on an average daily volume of 78,400 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OESX. HC Wainwright restated a “buy” rating and issued a $3.00 target price on shares of Orion Energy Systems in a research note on Wednesday, February 12th. StockNews.com started coverage on Orion Energy Systems in a research note on Wednesday. They issued a “hold” rating on the stock.

Institutional Trading of Orion Energy Systems

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Orion Energy Systems by 9.0% during the 3rd 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 during the last quarter. Grace & White Inc. NY increased its holdings in 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 in the last quarter. Mariner LLC acquired a new position in Orion Energy Systems during the fourth quarter worth about $35,000. Finally, Tieton Capital Management LLC lifted its holdings in shares of Orion Energy Systems by 25.6% in the fourth quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after purchasing an additional 541,773 shares in the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

Orion Energy Systems Price Performance

Shares of OESX traded down $0.00 during trading hours on Wednesday, reaching $0.73. The company had a trading volume of 23,960 shares, compared to its average volume of 59,855. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. Orion Energy Systems has a 12-month low of $0.68 and a 12-month high of $1.53. The firm has a 50 day simple moving average of $0.82 and a 200-day simple moving average of $0.85. The company has a market capitalization of $24.05 million, a price-to-earnings ratio of -3.17 and a beta of 1.39.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (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%. Research analysts expect that Orion Energy Systems will post -0.32 earnings per share for the current year.

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).