Acorn Energy, Inc. (OTCMKTS:ACFN) Sees Large Drop in Short Interest

Acorn Energy, Inc. (OTCMKTS:ACFN) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 100 shares, a decrease of 50.0% from the February 13th total of 200 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is presently 0.0 days.

Acorn Energy Price Performance

OTCMKTS:ACFN opened at $16.75 on Friday. The stock’s fifty day moving average price is $17.70 and its two-hundred day moving average price is $15.26. The company has a market cap of $41.72 million, a P/E ratio of 36.41 and a beta of 0.62. Acorn Energy has a 1 year low of $6.40 and a 1 year high of $19.50.

Acorn Energy (OTCMKTS:ACFN) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.31 earnings per share for the quarter. Acorn Energy had a negative return on equity of 275.24% and a net margin of 11.80%. The firm had revenue of $3.53 million for the quarter.

About Acorn Energy

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.