Orion Energy Systems, Inc. (NASDAQ:OESX) Short Interest Up 19.4% in February

Orion Energy Systems, Inc. (NASDAQ:OESX) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 94,600 shares, a growth of 19.4% from the February 13th total of 79,200 shares. Based on an average daily trading volume, of 78,400 shares, the short-interest ratio is presently 1.2 days. Approximately 0.3% of the shares of the stock are sold short.

Orion Energy Systems Trading Down 0.0 %

OESX traded down $0.00 during trading on Wednesday, hitting $0.73. The company’s stock had a trading volume of 23,960 shares, compared to its average volume of 59,855. Orion Energy Systems has a twelve month low of $0.68 and a twelve month high of $1.53. The stock has a market cap of $24.05 million, a PE ratio of -3.17 and a beta of 1.39. The firm’s 50 day moving average price is $0.82 and its 200-day moving average price is $0.85. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.89.

Orion Energy Systems (NASDAQ:OESX) last released its earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. Orion Energy Systems had a negative return on equity of 48.85% and a negative net margin of 8.54%. On average, analysts expect that Orion Energy Systems will post -0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OESX. Geode Capital Management LLC increased its position in Orion Energy Systems by 9.0% during the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after purchasing an additional 25,816 shares during the last quarter. Grace & White Inc. NY grew its stake in shares of Orion Energy Systems by 1.9% during the 4th quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock valued at $2,197,000 after buying an additional 50,138 shares during the period. Mariner LLC purchased a new stake in shares of Orion Energy Systems during the 4th quarter valued at $35,000. Finally, Tieton Capital Management LLC increased its holdings in shares of Orion Energy Systems by 25.6% during the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock worth $2,130,000 after buying an additional 541,773 shares during the last quarter. 52.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on OESX shares. StockNews.com started coverage on Orion Energy Systems in a research report on Wednesday. They issued a “hold” rating on the stock. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of Orion Energy Systems in a research note on Wednesday, February 12th.

About Orion Energy Systems

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).