Orion Energy Syst Cm shares had a trading volume of 8,091 by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 93.47% under the normal average daily volume.
Traders are feeling more bullish on shares of the company as indicated by the decrease in short interest. The stock recorded a fall in short interest of -3.45% between September 29, 2017 and October 13, 2017. Short interest fell 22,834 over that period. With short interest at 639,424 and short average daily volume at 37,619, days to cover is 17.0 and the percentage of shorted shares was 0.02% on October 13.
The following firms have recently changed their position in OESX. North Star Investment Management Corp. expanded its holdings by buying 55,700 shares an increase of 2.0% as of 09/30/2017. North Star Investment Management Corp. now controls 2,886,664 shares valued at $3,233,000. The value of the position overall is down by 10.8%. As of quarter end Raymond James Financial Services Advisors, Inc. had disposed of 5,000 shares trimming its position 19.8%. The value in dollars went from $32,000 to $23,000 decreasing 28.1% quarter to quarter.
Adirondack Research & Management Inc. divested its position by selling 1,505 shares a decrease of 0.1% in the quarter. Adirondack Research & Management Inc. claims 1,328,938 shares with a value of $1,488,000. The total value of its holdings decreased 12.6%. As of the end of the quarter Dimensional Fund Advisors Lp had sold a total of 147,815 shares trimming its stake by 32.5%. The value of the total investment in Orion Energy Syst Cm decreased from $582,000 to $344,000 a change of 40.9% for the reporting period.
On November 3, 2017 HC Wainwright reiterated a “Buy” rating on the company. On August 7 analysts at HC Wainwright released research on OESX and giving a rating of “Buy” and establishing a price target of $3.00.
The company is so far trading up by 2.20% percent from yesterday’s close. The company’s P/E ratio is N/A and market cap is 26.89M. As of the latest earnings report the EPS was $-0.65 with 28.91M shares outstanding.
Orion Energy Systems, Inc., launched on March 25, 1996, is a designer and manufacturer of lighting platforms. The Company operates through three segments: Orion U.S. Markets Division (USM), Orion Engineered Systems Division (OES) and Distribution Services Division (ODS). The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services. The Company primarily focuses on providing commercial and industrial facilities lighting retrofit solutions in North America using solid-state light emitting diode (LED) technology. Its principal customers include national accounts, energy service companies, electrical contractors and electrical distributors..