Orion Energy Systems, Inc. (NASDAQ:OESX) Sees Large Decrease in Short Interest

Orion Energy Systems, Inc. (NASDAQ:OESX) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 56,600 shares, a decrease of 40.2% from the February 28th total of 94,600 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 69,200 shares, the days-to-cover ratio is presently 0.8 days.

Orion Energy Systems Trading Down 0.5 %

Shares of Orion Energy Systems stock traded down $0.00 during trading on Friday, reaching $0.76. 47,503 shares of the stock were exchanged, compared to its average volume of 60,267. The company has a quick ratio of 0.89, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The firm has a market cap of $24.91 million, a price-to-earnings ratio of -3.29 and a beta of 1.39. Orion Energy Systems has a 1 year low of $0.68 and a 1 year high of $1.53. The stock’s fifty day moving average is $0.81 and its 200 day moving average is $0.85.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share for the quarter, topping 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%. As a group, equities research analysts expect that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com began coverage on Orion Energy Systems in a research report on Thursday. They issued a “hold” rating for the company. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of Orion Energy Systems in a report on Wednesday, February 12th.

Institutional Inflows and Outflows

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

Orion Energy Systems Company Profile

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).