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

Orion Energy Systems, Inc. (NASDAQ:OESX) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 79,200 shares, a decline of 13.4% from the January 31st total of 91,500 shares. Based on an average daily trading volume, of 78,300 shares, the short-interest ratio is presently 1.0 days.

Orion Energy Systems Trading Down 0.1 %

Shares of OESX stock opened at $0.81 on Thursday. The firm’s 50 day moving average price is $0.83 and its two-hundred day moving average price is $0.86. Orion Energy Systems has a fifty-two week low of $0.68 and a fifty-two week high of $1.53. 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 stock has a market cap of $26.72 million, a price-to-earnings ratio of -3.53 and a beta of 1.36.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Grace & White Inc. NY increased its stake in shares of Orion Energy Systems by 1.9% in the fourth quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock worth $2,197,000 after buying an additional 50,138 shares during the last quarter. Tieton Capital Management LLC increased its stake in shares of Orion Energy Systems by 25.6% in the fourth 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. Geode Capital Management LLC increased its stake in shares of 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 during the last quarter. Finally, Mariner LLC bought a new stake in shares of Orion Energy Systems in the fourth quarter worth $35,000. 52.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on OESX shares. StockNews.com started coverage on shares of Orion Energy Systems in a research report on Monday. They set 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 report on Wednesday, February 12th.

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).