Revolution Lighting Technologies Inc (NASDAQ:RVLT) Short Interest Down 46.0% in July
Revolution Lighting Technologies Inc (NASDAQ:RVLT) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 979,700 shares, a drop of 46.0% from the June 30th total of 1,815,300 shares. Based on an average trading volume of 1,950,000 shares, the short-interest ratio is presently 0.5 days. Currently, 8.5% of the company’s shares are short sold.
Shares of NASDAQ:RVLT traded down $0.02 during trading on Tuesday, reaching $0.33. The company’s stock had a trading volume of 1,800 shares, compared to its average volume of 801,551. Revolution Lighting Technologies has a 12 month low of $0.15 and a 12 month high of $3.17. The company’s 50 day moving average price is $0.34.
An institutional investor recently bought a new position in Revolution Lighting Technologies stock. Bank of New York Mellon Corp purchased a new stake in Revolution Lighting Technologies Inc (NASDAQ:RVLT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 64,157 shares of the electronics maker’s stock, valued at approximately $26,000. Bank of New York Mellon Corp owned about 0.29% of Revolution Lighting Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 14.19% of the company’s stock.
Revolution Lighting Technologies, Inc designs, manufactures, markets, and sells light-emitting diode (LED) lighting solutions focusing on the industrial, commercial, and government markets in the United States, Canada, and internationally. The company offers interior and exterior LED lamps and fixtures, including signage and control systems.
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