Orion Energy Systems, Inc. (NASDAQ:OESX) Short Interest Update

Orion Energy Systems, Inc. (NASDAQ:OESX) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 77,300 shares, a decline of 21.3% from the October 15th total of 98,200 shares. Based on an average trading volume of 46,800 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. North Star Investment Management Corp. grew its stake in shares of Orion Energy Systems by 1.2% during the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after purchasing an additional 47,300 shares during the period. Grace & White Inc. NY grew its position in Orion Energy Systems by 1.3% during the third quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock valued at $2,310,000 after buying an additional 33,451 shares during the period. Tieton Capital Management LLC grew its position in Orion Energy Systems by 2.5% during the second quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after buying an additional 53,789 shares during the period. Finally, Geode Capital Management LLC increased its holdings 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 valued at $268,000 after buying an additional 25,816 shares in the last quarter. 52.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OESX has been the topic of a number of research reports. HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of Orion Energy Systems in a report on Thursday, August 8th. StockNews.com assumed coverage on shares of Orion Energy Systems in a report on Monday, November 11th. They issued a “hold” rating on the stock.

Orion Energy Systems Trading Down 3.8 %

Shares of Orion Energy Systems stock opened at $0.86 on Friday. The stock has a market cap of $28.17 million, a PE ratio of -3.42 and a beta of 1.39. The firm has a fifty day moving average price of $0.90 and a 200 day moving average price of $0.97. Orion Energy Systems has a 1 year low of $0.81 and a 1 year high of $1.53. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 0.93.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). Orion Energy Systems had a negative net margin of 8.76% and a negative return on equity of 48.81%. The company had revenue of $19.36 million for the quarter, compared to analysts’ expectations of $19.40 million. During the same quarter in the previous year, the business posted ($0.14) EPS. Equities research analysts predict that Orion Energy Systems will post -0.3 earnings per share for the current year.

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).