A Reversal for ACORN ENERGY INC (OTCMKTS:ACFN) Is Not Near. The Stock Has Rise in Shorts

June 16, 2018 - By Vivian Currie

Acorn Energy, Inc. (OTCMKTS:ACFN) Logo

The stock of ACORN ENERGY INC (OTCMKTS:ACFN) registered an increase of 122.22% in short interest. ACFN’s total short interest was 12,000 shares in June as published by FINRA. Its up 122.22% from 5,400 shares, reported previously. With 98,100 shares average volume, it will take short sellers 0 days to cover their ACFN’s short positions. The short interest to ACORN ENERGY INC’s float is 0.05%.

The stock increased 5.03% or $0.0166 during the last trading session, reaching $0.3466. About 3,709 shares traded. Acorn Energy, Inc. (OTCMKTS:ACFN) has 0.00% since June 16, 2017 and is . It has underperformed by 12.57% the S&P500.

Acorn Energy, Inc., through its subsidiaries, provides technology driven solutions for energy infrastructure asset management worldwide. The company has market cap of $10.24 million. It operates in two divisions, Power Generation and Corrosion Protection (CP). It currently has negative earnings. The PG segment develops and markets wireless remote monitoring and control systems and services for critical assets, which include stand-by power generators, pumps, pumpjacks, light towers, turbines, and compressors, as well as other industrial equipment; and Internet of Things applications.

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