|Hadera Desalination Plant, Israel|
Over the last year ERII has traded in a relatively tight range between $3.50 at the high point and $1.55 on the low side. The stock is seemingly stranded today 29.4% off the high. Investors have simply stayed away, barely registering 100,000 shares per day in average trading volume. While short interest is not particularly high - equal to just 10% of shares not held by insiders - short sellers have persistently stalked Energy Recovery.