Short Interest in Energy Focus, Inc. (NASDAQ:EFOI) Declines By 32.0%

Energy Focus, Inc. (NASDAQ:EFOI) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 26,100 shares, a decrease of 32.0% from the March 15th total of 38,400 shares. Based on an average daily volume of 1,240,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.5% of the shares of the company are sold short.

Energy Focus Stock Performance

Shares of EFOI stock traded up $0.09 during mid-day trading on Friday, reaching $1.80. 2,779 shares of the company’s stock traded hands, compared to its average volume of 329,481. The firm has a market capitalization of $9.47 million, a PE ratio of -4.62 and a beta of 1.63. Energy Focus has a 12 month low of $1.14 and a 12 month high of $2.95. The firm has a 50 day moving average price of $1.95 and a two-hundred day moving average price of $1.54.

Energy Focus (NASDAQ:EFOI) last posted its quarterly earnings data on Tuesday, March 25th. The construction company reported ($0.05) EPS for the quarter. Energy Focus had a negative return on equity of 71.48% and a negative net margin of 35.77%. The company had revenue of $1.28 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Energy Focus in a research report on Friday, April 11th. They set a “sell” rating for the company.

About Energy Focus

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.