EnSync Inc (NYSEAMERICAN:ESNC) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 2,707,649 shares, a decline of 1.6% from the October 15th total of 2,750,968 shares. Based on an average daily trading volume, of 256,724 shares, the days-to-cover ratio is presently 10.5 days. Approximately 6.0% of the company’s stock are sold short.
ESNC stock traded down $0.01 on Friday, hitting $0.24. The company’s stock had a trading volume of 315,158 shares, compared to its average volume of 315,924. EnSync has a 1 year low of $0.18 and a 1 year high of $0.56.
EnSync (NYSEAMERICAN:ESNC) last released its quarterly earnings results on Tuesday, September 25th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The company had revenue of $1.65 million for the quarter, compared to analysts’ expectations of $5.05 million.
An institutional investor recently raised its position in EnSync stock. ICM Asset Management Inc. WA raised its position in EnSync Inc (NYSEAMERICAN:ESNC) by 57.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,330,720 shares of the technology company’s stock after buying an additional 487,347 shares during the quarter. ICM Asset Management Inc. WA owned about 1.96% of EnSync worth $339,000 as of its most recent filing with the SEC.
Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of EnSync from a “hold” rating to a “buy” rating and set a $0.25 price target for the company in a research report on Friday, September 28th. HC Wainwright set a $2.00 price target on shares of EnSync and gave the company a “buy” rating in a research report on Wednesday, September 26th.
ILLEGAL ACTIVITY WARNING: This story was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://sportsperspectives.com/2018/11/09/ensync-inc-esnc-short-interest-update.html.
EnSync Company Profile
EnSync, Inc, together with its subsidiaries, develops, licenses, and manufactures energy management systems solutions for the residential and commercial energy systems, and independent utility energy systems markets in the United States and internationally. The company's products include Matrix energy management, an energy control system for the commercial and residential energy systems markets; Home Energy System for property developers and residential customers; and DER SuperModule system, a self-contained DER system that integrates with renewable generation, customer load, and grid interconnection for deploying the least expensive, highest value, and most reliable electricity.
Read More: Conference Calls and Individual Investors
Receive News & Ratings for EnSync Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnSync and related companies with MarketBeat.com's FREE daily email newsletter.