Acorn Energy Inc. (OTCMKTS:ACFN) Short Interest Down 77.3% in July

Acorn Energy Inc. (OTCMKTS:ACFN) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 500 shares, a drop of 77.3% from the June 30th total of 2,200 shares. Based on an average daily trading volume, of 7,400 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Acorn Energy Trading Up 6.9%

Shares of OTCMKTS ACFN opened at $26.63 on Thursday. The stock has a market capitalization of $66.52 million, a PE ratio of 9.97 and a beta of 0.47. Acorn Energy has a twelve month low of $8.10 and a twelve month high of $27.75. The stock has a fifty day simple moving average of $17.66 and a 200-day simple moving average of $17.02.

Acorn Energy (OTCMKTS:ACFN) last announced its earnings results on Thursday, May 8th. The technology company reported $0.19 EPS for the quarter. Acorn Energy had a return on equity of 78.08% and a net margin of 56.00%.

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.