Energy Recovery June 15th Short Interest Update

Energy Recovery (NASDAQ:ERII) has shown a rise of 24.3% or 606,110 shares in the short positions. The bets have increased to 3,100,287 shares on June 15,2016 from 2,494,177 shares on May 31,2016. With respect to the floated shares, the shorts are 9.2%. The days to cover are calculated to be 5, using the standard per day volume of 615,645 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Energy Recovery (NASDAQ:ERII): The stock opened at $8.15 on Friday but the bulls could not build on the opening and the stock topped out at $8.35 for the day. The stock traded down to $8.05 during the day, due to lack of any buying support eventually closed down at $8.17 with a loss of -5.00% for the day. The stock had closed at $8.60 on the previous day. The total traded volume was 4,231,471 shares.

The company shares have rallied 219.14% from its 1 Year high price. On Apr 21, 2016, the shares registered one year high at $13.35 and the one year low was seen on Sep 30, 2015. The 50-Day Moving Average price is $10.31 and the 200 Day Moving Average price is recorded at $8.80.

Energy Recovery (NASDAQ:ERII) has tumbled 6.31% during the past week and has dropped 22.93% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.75%. Energy Recovery (NASDAQ:ERII) has underperformed the index by 20.59% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Energy Recovery, Inc. (Energy Recovery) is engaged in providing pressure energy technology for industrial fluid flow applications. The Company designs, develops and manufactures energy recovery devices that transform untapped energy into reusable energy from industrial fluid flows and pressure cycles. The Companys energy recovery devices are primarily used in seawater reverse osmosis desalination. The Company also provides pumps to facilitate a packaged solution to its customers. Its products are marketed and sold in fluid flow markets, such as desalination and oil and gas, under the trademarks ERI, PX, Pressure Exchanger and PX Pressure Exchanger. The Company also provides engineering, technical support and training to customers during product installation and plant commissioning. Additionally, it offers preventive maintenance and support services, as well as reinstallation services.

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