Today’s Stock On Watch: TELKONET INCORPORATED (OTCMKTS:TKOI) Sellers Covered 1.03% of Their Shorts

November 17, 2016 - By Richard Conner   ·   0 Comments

Today's Stock On Watch: TELKONET INCORPORATED (OTCMKTS:TKOI) Sellers Covered 1.03% of Their Shorts

The stock of TELKONET INCORPORATED (OTCMKTS:TKOI) registered a decrease of 1.03% in short interest. TKOI’s total short interest was 3.73M shares in November as published by FINRA. Its down 1.03% from 3.77 million shares, reported previously. With 78,300 shares average volume, it will take short sellers 48 days to cover their TKOI’s short positions. About 13,000 shares traded hands. Telkonet, Inc. (OTCMKTS:TKOI) has declined 15.00% since April 15, 2016 and is downtrending. It has underperformed by 19.62% the S&P500.

Telkonet, Inc. provides EcoSmart Platform of intelligent automation solutions to support the Internet of Things. The company has a market cap of $22.63 million. The Company’s business is based on two synergistic divisions: EcoSmart Energy Management Technology (EcoSmart division) and EthoStream High Speed Internet Access (HSIA) Network (EthoStream division). It currently has negative earnings. The EcoSmart division offers intelligent automation solutions.

Insitutional Activity: The institutional sentiment increased to Infinity in Q2 2016. Its up Infinity, from 0 in 2016Q1. The ratio increased, as 0 funds sold all Telkonet, Inc. shares owned while 0 reduced positions. 1 funds bought stakes while 1 increased positions. They now own 4.22 million shares or 108.96% more from 2.02 million shares in 2016Q1.
Mount Vernon Assoc Inc Md accumulated 2.10 million shares or 0.85% of the stock. Philadelphia Trust accumulated 0% or 15,500 shares.

TKOI Company Profile

Telkonet, Inc. (Telkonet), incorporated on July 28, 1977, provides EcoSmart Platform of intelligent automation solutions to support the Internet of Things (IoT). The Company’s business is based on two synergistic divisions: EcoSmart Energy Management Technology (EcoSmart division) and EthoStream High Speed Internet Access (HSIA) Network (EthoStream division). The EcoSmart division offers intelligent automation solutions. The EthoStream division provides the underlying networking technology. Telkonet serves the hospitality, education, military, public housing and healthcare markets.

More notable recent Telkonet, Inc. (OTCMKTS:TKOI) news were published by: Biztimes.com which released: “Activist shareholder’s directors elected to Telkonet board” on July 05, 2016, also Marketwired.com with their article: “Telkonet, Inc. to Announce Third Quarter Financial Results on November 14, 2016” published on November 07, 2016, Prnewswire.com published: “Telkonet, Inc.’s EcoSmartâ„¢ Platform Wins Holiday Inn Express® Stay Smart …” on January 19, 2015. More interesting news about Telkonet, Inc. (OTCMKTS:TKOI) were released by: Seekingalpha.com and their article: “After Record Quarter, Our Interview With Telkonet CEO Jason Tienor” published on May 26, 2016 as well as Seekingalpha.com‘s news article titled: “Telkonet: A Misunderstood Distressed Stock (TKOI)” with publication date: November 27, 2014.

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By Richard Conner


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