Short Interest Reporting: What Will Happen to ACORN ENERGY INCORPORATED (OTCMKTS:ACFN) Next? The Stock Has Increase in Shorts

November 23, 2016 - By Louis Casey   ·   0 Comments

Short Interest Reporting: What Will Happen to ACORN ENERGY INCORPORATED (OTCMKTS:ACFN) Next? The Stock Has Increase in Shorts

The stock of ACORN ENERGY INCORPORATED (OTCMKTS:ACFN) registered an increase of 465.71% in short interest. ACFN’s total short interest was 19,800 shares in November as published by FINRA. Its up 465.71% from 3,500 shares, reported previously. With 121,700 shares average volume, it will take short sellers 0 days to cover their ACFN’s short positions. The stock closed at $0.163 during the last session. It is down 27.27% since April 21, 2016 and is downtrending. It has underperformed by 32.60% the S&P500.

Acorn Energy, Inc. is a holding company that focuses on technology driven solutions for energy infrastructure asset management. The company has a market cap of $4.78 million. The Company’s divisions include Energy & Security Sonar Solutions , Smart Grid Distribution Automation (GridSense) and Machine-to-Machine Critical Asset Monitoring & Control (M2M). It currently has negative earnings. The DSIT segment provides sonar and acoustic related solutions for energy, defense and commercial markets with a focus on underwater site security for strategic energy installations and other sonar and acoustic systems.

ACFN Company Profile

Acorn Energy, Inc., incorporated on July 23, 1986, is a holding company. The Firm is focused on technology driven solutions for energy infrastructure asset management. The Company’s divisions include Energy & Security Sonar Solutions (DSIT), Smart Grid Distribution Automation (GridSense) and Machine-to-Machine Critical Asset Monitoring & Control (M2M).

More notable recent Acorn Energy Inc (OTCMKTS:ACFN) news were published by: Marketwatch.com which released: “Acorn Energy Inc.” on December 22, 2009, also Thestreet.com with their article: “Why Acorn Energy (ACFN) Stock Is Soaring Today” published on June 03, 2014, Prnewswire.com published: “Acorn Energy Common Stock to Begin Trading on OTCQB” on July 21, 2015. More interesting news about Acorn Energy Inc (OTCMKTS:ACFN) were released by: Prnewswire.com and their article: “Acorn Energy Suspends Operations at US Seismic Systems” published on March 18, 2015 as well as Prnewswire.com‘s news article titled: “US Seismic Systems® Inc, an Acorn Energy Company, Receives an Order for its …” with publication date: November 06, 2014.

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By Louis Casey


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