Short Interest in Orion Energy Systems, Inc. (NASDAQ:OESX) Rises By 140.1%

Orion Energy Systems, Inc. (NASDAQ:OESX) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 54,844 shares, an increase of 140.1% from the July 30th total of 22,841 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 157,478 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Orion Energy Systems

Several large investors have recently modified their holdings of the business. Quadrature Capital Ltd bought a new position in shares of Orion Energy Systems during the fourth quarter valued at approximately $202,000. NewEdge Advisors LLC lifted its holdings in Orion Energy Systems by 60.1% during the first quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock worth $211,000 after buying an additional 9,058 shares during the period. Marshall Wace LLP bought a new stake in Orion Energy Systems during the 4th quarter valued at $706,000. Sei Investments Co. boosted its position in Orion Energy Systems by 114.3% during the 1st quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock valued at $1,137,000 after acquiring an additional 69,387 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Orion Energy Systems by 32.4% in the 1st quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock valued at $1,560,000 after acquiring an additional 43,693 shares during the period. Institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Trading Down 2.0%

Orion Energy Systems stock traded down $0.54 during trading hours on Friday, hitting $26.09. The company had a trading volume of 97,773 shares, compared to its average volume of 58,763. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.54. The firm has a market cap of $106.68 million, a P/E ratio of -521.80 and a beta of 0.77. The company has a 50-day moving average price of $13.86 and a two-hundred day moving average price of $11.41. Orion Energy Systems has a 1 year low of $6.87 and a 1 year high of $27.37.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.40. The company had revenue of $25.74 million for the quarter, compared to analysts’ expectations of $23.56 million. Orion Energy Systems had a return on equity of 11.66% and a net margin of 0.04%. On average, sell-side analysts anticipate that Orion Energy Systems will post 0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on OESX shares. Weiss Ratings raised shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. HC Wainwright reissued a “buy” rating and issued a $30.00 price objective on shares of Orion Energy Systems in a research report on Thursday, August 6th. Wall Street Zen raised shares of Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised Orion Energy Systems from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Orion Energy Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.