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

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

Orion Energy Systems Stock Performance

Shares of NASDAQ OESX opened at $0.81 on Thursday. The company has a market cap of $26.72 million, a PE ratio of -3.53 and a beta of 1.36. Orion Energy Systems has a 12 month low of $0.68 and a 12 month high of $1.53. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.89. The company has a 50-day simple moving average of $0.83 and a 200-day simple moving average of $0.86.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly 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, equities analysts anticipate that Orion Energy Systems will post -0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Orion Energy Systems in a report on Monday. They set a “hold” rating for the company. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Orion Energy Systems in a report on Wednesday, February 12th.

Institutional Investors Weigh In On Orion Energy Systems

Several hedge funds have recently modified their holdings of OESX. Geode Capital Management LLC boosted its position 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 acquiring an additional 25,816 shares during the last quarter. Grace & White Inc. NY boosted its position 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 acquiring an additional 50,138 shares during the last quarter. Tieton Capital Management LLC boosted its position 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 acquiring an additional 541,773 shares during the last quarter. Finally, Mariner LLC acquired a new stake in shares of Orion Energy Systems in the fourth quarter worth approximately $35,000. 52.59% of the stock is owned by institutional investors and hedge funds.

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).