Acorn Energy, Inc. (OTCMKTS:ACFN) Sees Significant Growth in Short Interest

Acorn Energy, Inc. (OTCMKTS:ACFN) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 200 shares, an increase of 100.0% from the January 31st total of 100 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is presently 0.1 days.

Acorn Energy Stock Performance

Acorn Energy stock opened at $15.80 on Friday. Acorn Energy has a one year low of $6.04 and a one year high of $19.50. The business has a fifty day moving average of $17.89 and a two-hundred day moving average of $14.81. The company has a market cap of $39.36 million, a P/E ratio of 34.35 and a beta of 0.68.

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 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.