Short Interest in Polar Power, Inc. (NASDAQ:POLA) Expands By 807.5%

Polar Power, Inc. (NASDAQ:POLA) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 787,352 shares, an increase of 807.5% from the February 26th total of 86,760 shares. Based on an average trading volume of 4,006,871 shares, the days-to-cover ratio is presently 0.2 days. Approximately 42.8% of the shares of the company are short sold. Approximately 42.8% of the shares of the company are short sold. Based on an average trading volume of 4,006,871 shares, the days-to-cover ratio is presently 0.2 days.

Polar Power Price Performance

NASDAQ:POLA opened at $1.75 on Wednesday. The firm has a market capitalization of $4.66 million, a P/E ratio of -0.78 and a beta of 1.39. Polar Power has a 1-year low of $1.31 and a 1-year high of $5.75. The company’s fifty day moving average price is $1.64 and its 200-day moving average price is $2.46.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Polar Power in a research note on Wednesday, December 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Polar Power Company Profile

Polar Power, Inc (NASDAQ: POLA) is a California-based designer and manufacturer of direct current (DC) power generation and distribution systems. The company’s primary offerings include solar hybrid power systems, DC gensets and DC power modules engineered to provide reliable, off-grid or grid-tied power solutions. These products are tailored to applications in telecommunications, military, oil and gas, and other industries requiring continuous, low-cost energy delivery in remote or critical-power environments.

Polar Power’s solar hybrid systems combine solar photovoltaic arrays with DC generators and battery storage to create integrated, turnkey power plants.