Acorn Energy Inc. (OTCMKTS:ACFN) Sees Significant Drop in Short Interest

Key Points

• Acorn Energy Inc. experienced a **77.3% decrease in short interest** in July, with the total short interest dropping from 2,200 shares to only 500 shares.
• The company reported **$0.19 earnings per share** for the latest quarter, reflecting a **return on equity of 78.08%** and a net margin of 56.00%.
• As of the latest trading session, Acorn Energy's shares rose to **$24.91** with a market cap of **$62.23 million**, showing a substantial increase in trading volume compared to its average.

Acorn Energy Inc. (OTCMKTS:ACFN - Get Free Report) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totalling 500 shares, a decrease of 77.3% from the June 30th total of 2,200 shares. Based on an average trading volume of 7,400 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Acorn Energy Price Performance

Shares of OTCMKTS:ACFN traded up $2.96 during trading on Tuesday, hitting $24.91. 108,741 shares of the company were exchanged, compared to its average volume of 5,165. The company has a market cap of $62.23 million, a PE ratio of 9.33 and a beta of 0.47. The stock has a 50 day moving average of $17.34 and a 200 day moving average of $16.90. Acorn Energy has a 52-week low of $8.10 and a 52-week high of $27.61.

Acorn Energy (OTCMKTS:ACFN - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter. Acorn Energy had a return on equity of 78.08% and a net margin of 56.00%.

About Acorn Energy

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

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