Acorn Energy Inc. (NASDAQ:ACFN) Short Interest Down 24.7% in December

Acorn Energy Inc. (NASDAQ:ACFN) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 21,937 shares, a decrease of 24.7% from the November 30th total of 29,138 shares. Based on an average daily trading volume, of 31,086 shares, the short-interest ratio is presently 0.7 days. Approximately 1.3% of the company’s stock are short sold. Approximately 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 31,086 shares, the short-interest ratio is presently 0.7 days.

Acorn Energy Trading Down 1.9%

Shares of NASDAQ ACFN opened at $14.93 on Wednesday. Acorn Energy has a fifty-two week low of $12.42 and a fifty-two week high of $33.00. The company’s 50 day simple moving average is $17.04. The firm has a market cap of $37.40 million, a price-to-earnings ratio of 5.63 and a beta of 0.13.

Acorn Energy (NASDAQ:ACFN) last announced its earnings results on Thursday, November 6th. The company reported $0.10 earnings per share (EPS) for the quarter. Acorn Energy had a return on equity of 34.58% and a net margin of 52.80%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Access Investment Management LLC bought a new stake in shares of Acorn Energy in the 3rd quarter worth about $25,000. Northstar Group Inc. acquired a new position in Acorn Energy in the third quarter worth about $250,000. Finally, Citadel Advisors LLC bought a new stake in Acorn Energy in the third quarter valued at about $323,000.

Wall Street Analyst Weigh In

ACFN has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Acorn Energy in a research report on Monday. Wall Street Zen lowered shares of Acorn Energy from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Acorn Energy Company Profile

Acorn Energy, Inc, through its subsidiaries, develops and markets wireless remote monitoring and control systems for various markets in the United States and internationally. It operates through 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, compressors, pumps, pumpjacks, light towers, turbines, and other industrial equipment; and Internet of Things applications.