EnSync Inc (NYSEAMERICAN:ESNC) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 2,022,033 shares, a decline of 16.3% from the January 15th total of 2,416,897 shares. Based on an average daily volume of 194,567 shares, the days-to-cover ratio is presently 10.4 days. Currently, 4.4% of the shares of the company are sold short.
EnSync stock opened at $0.07 on Thursday. EnSync has a 52 week low of $0.06 and a 52 week high of $0.46.
EnSync (NYSEAMERICAN:ESNC) last posted its earnings results on Monday, November 12th. The technology company reported ($0.05) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.05). The business had revenue of $2.74 million for the quarter, compared to analysts’ expectations of $3.40 million.
ESNC has been the subject of several recent analyst reports. HC Wainwright set a $2.00 target price on EnSync and gave the stock a “buy” rating in a research report on Thursday, December 13th. Zacks Investment Research cut EnSync from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th.
An institutional investor recently raised its position in EnSync stock. Sheaff Brock Investment Advisors LLC grew its position in shares of EnSync Inc (NYSEAMERICAN:ESNC) by 55.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 350,000 shares of the technology company’s stock after purchasing an additional 124,628 shares during the period. Sheaff Brock Investment Advisors LLC owned about 0.51% of EnSync worth $63,000 at the end of the most recent reporting period.
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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.
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