Acorn Energy, Inc. (OTCMKTS:ACFN) Short Interest Up 100.0% in April

Acorn Energy, Inc. (OTCMKTS:ACFN) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 200 shares, an increase of 100.0% from the March 31st total of 100 shares. Based on an average trading volume of 1,900 shares, the days-to-cover ratio is currently 0.1 days.

Acorn Energy Stock Performance

Acorn Energy stock opened at $9.00 on Friday. The stock has a market capitalization of $22.41 million, a price-to-earnings ratio of 225.00 and a beta of 0.78. Acorn Energy has a 52-week low of $4.00 and a 52-week high of $9.00. The stock’s 50 day moving average price is $7.06 and its two-hundred day moving average price is $6.56.

Acorn Energy (OTCMKTS:ACFN) last issued its earnings results on Thursday, March 7th. The technology company reported $0.03 earnings per share for the quarter. The company had revenue of $2.25 million for the quarter. Acorn Energy had a negative return on equity of 12.58% and a net margin of 1.48%.

About Acorn Energy

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.