Revolution Lighting Technologies Inc (NASDAQ:RVLT), a leader in advanced LED lighting solutions, today announced it has entered into a definitive agreement to acquire Value Lighting Inc. and certain affiliates (“Value Lighting”), a leading supplier of lighting solutions to the multifamily residential housing sector and new construction marketplace across the U.S. Revolution Lighting Technologies Inc (NASDAQ:RVLT) stock opened at $3.84 in last session, and closed at $3.96, while the day range of RVLT stock is $3.63-$4.35.The stock showed a positive weekly performance of 25.71%.
Ocean Power Technologies Inc (NASDAQ:OPTT) appeared to be on the brink of launching the 1st United States wave-energy power-project in Oregon. Now this entire project seems like it is falling apart. Though there is a chance that the they will install the single non-grid-connected, power-producing test-buoy, and possibly an expansion to the10 grid-connected, 150-kwbuoys, last week, Ocean Power Technologies Inc (NASDAQ:OPTT) informed the FERC that it was now surrendering the preliminary license to pursue its 3rd and final phase of this project, the 100- buoy, 50-MW, utility-scale wave-power station that was on the ocean. Ocean Power Technologies Inc (NASDAQ:OPTT) stock opened at $4.37, in last session and closed at $4.55, by gained 8.59%. The 52 week range was $1.45-$5.06.Company’s market capitalization is $55.33 million.
The most recent short interest data has been released by the NASDAQ for the 02/14/2014 settlement date, which shows a 372,586 share increase in total short interest for Enzon Pharmaceuticals Inc (NASDAQ:ENZN), to 1,161,223, an increase of 47.24% since 01/31/2014. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the “days to cover” metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for ENZN at the 02/14/2014 settlement decreased to 271,272, as compared to 486,947 at the 01/31/2014 report. That brought “days to cover” up to 4.28, a 164.31% increase from the 1.62 days to cover calculated at the previous short interest data release. Enzon Pharmaceuticals Inc (NASDAQ:ENZN) stock gained 7.00% and finished the last session at $1.07. The EPS of the stock remained 0.16. Company’s market capitalization is $47.15 million.
Intellipharmaceutics Intl Inc. (USA) (Nasdaq:IPCI) (TSX:I), a pharmaceutical company specializing in the research, development and manufacture of novel and generic controlled-release and targeted-release oral solid dosage drugs, announced today that the Company is scheduled to present at the following two upcoming conferences. 26th Annual Roth Conference on March 10, 2014 at 11:00am (PDT) at The Ritz-Carlton in Dana Point, CA. IntelliPharmaCeutics Intl Inc (USA) (NASDAQ:IPCI) stock opened the session at $4.09, and closed the session at $4.43. The 52 week range of the IPCI stock remained $1.50-$6.46 and the day range was $4.08-$4.52.
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