Energy Focus, Inc. (NASDAQ:EFOI) Sees Large Drop in Short Interest

Energy Focus, Inc. (NASDAQ:EFOI) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 25,700 shares, a decline of 30.0% from the November 15th total of 36,700 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 10,000 shares, the short-interest ratio is currently 2.6 days.

Energy Focus Stock Down 2.5 %

NASDAQ EFOI traded down $0.03 during trading hours on Friday, hitting $1.37. 14,822 shares of the company were exchanged, compared to its average volume of 71,420. Energy Focus has a 52 week low of $1.14 and a 52 week high of $2.90. The stock has a 50-day moving average price of $1.34 and a 200 day moving average price of $1.40. The stock has a market cap of $7.21 million, a PE ratio of -3.60 and a beta of 1.80.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Energy Focus in a research report on Thursday. 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.