Shares of the company are trading at $1.53 which is marginally higher than $1.41, the stock’s 50 day moving average and which is quite a bit above the 200 day moving average of $1.05. The 50 day moving average went up by +8.23% and the 200 day average moved up $0.48. 519K shares changed hands in the last trading session. Volume was up 12.50% over the stocks average daily volume.
Investors are feeling more bullish on shares of the company looking at the downtick in short interest. The company recorded a fall in short interest of -2.60% between September 29, 2017 and October 13, 2017. Short interest decreased from 5,246,798 to 5,110,396 over that period. With short interest at 5,110,396 and short average daily volume at 490,655, the short-interest ratio is 10.0 and the percentage of shorted shares was 0.06% on October 13.
The following firms have recently changed their position in ENPH. As of quarter end Boothbay Fund Management, LLC had bought 2,700 shares growing its position 4.2%. The value of the total investment in Enphase Energy, Inc. went from $87,000 to $58,000 a change of $29,000 since the last quarter. K2 Principal Fund, L.p. added to its investment by buying 363,490 shares an increase of 470.1% as of 06/30/2017. K2 Principal Fund, L.p. owns 440,810 shares with a value of $381,000. The total value of its holdings increased 259.4%.
Old West Investment Management, LLC cut its ownership by shedding 12,008 shares a decrease of 1.1%. Old West Investment Management, LLC currently owns 1,043,655 shares valued at $902,000. The value of the position overall is down by 37.6%. Ubs Group Ag downsized its holdings by shedding 1,600 shares a decrease of 50.0% in the quarter. Ubs Group Ag claims 1,600 shares worth $1,000. The total value of its holdings decreased 75.0%.
In the latest earnings report the EPS was $-1.00 and is estimated to be $-0.31 for the current year with 84,581,000 shares currently outstanding. Next quarter’s EPS is expected be $-0.01 with next year’s EPS projected to be $0.03.
Enphase Energy, Inc., launched on March 20, 2006, is a provider of energy management solutions. The Company is involved in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic (PV) industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level. The Company offers microinverter systems to the residential and commercial markets in the United States, Canada, the United Kingdom, France, the Benelux region, certain other European markets, Australia and New Zealand..