Short Interest in Acorn Energy, Inc. (OTCMKTS:ACFN) Expands By 100.0%

Acorn Energy, Inc. (OTCMKTS:ACFN) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 200 shares, an increase of 100.0% from the February 29th total of 100 shares. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is currently 0.0 days.

Acorn Energy Stock Performance

Shares of OTCMKTS:ACFN opened at $7.30 on Thursday. The company has a market cap of $18.18 million, a price-to-earnings ratio of 182.55 and a beta of 0.76. Acorn Energy has a 12 month low of $4.00 and a 12 month high of $8.50. The company has a 50-day moving average price of $6.44 and a 200 day moving average price of $6.43.

Acorn Energy (OTCMKTS:ACFN) last posted its quarterly earnings data on Thursday, March 7th. The technology company reported $0.03 earnings per share for the quarter. The business had revenue of $2.25 million for the quarter. Acorn Energy had a net margin of 1.48% and a negative return on equity of 12.58%.

Acorn Energy Company Profile

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 through 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, compressors, pumps, pumpjacks, light towers, turbines, and other industrial equipment; and Internet of Things applications.