Short Interest in iPower Inc. (NASDAQ:IPW) Drops By 48.6%

iPower Inc. (NASDAQ:IPW) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 158,930 shares, a drop of 48.6% from the April 15th total of 309,112 shares. Based on an average daily trading volume, of 1,263,021 shares, the short-interest ratio is currently 0.1 days. Approximately 16.2% of the shares of the company are short sold.

iPower Price Performance

NASDAQ:IPW traded down $0.10 during trading hours on Friday, reaching $0.83. The company had a trading volume of 654,847 shares, compared to its average volume of 1,024,545. The company has a quick ratio of 1.38, a current ratio of 1.83 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average of $1.32 and a two-hundred day moving average of $5.79. iPower has a one year low of $0.76 and a one year high of $34.65. The firm has a market capitalization of $1.10 million, a PE ratio of -0.18 and a beta of 3.03.

iPower (NASDAQ:IPW) last issued its quarterly earnings data on Friday, February 20th. The company reported ($1.08) earnings per share (EPS) for the quarter. iPower had a negative net margin of 10.35% and a negative return on equity of 26.09%. The company had revenue of $7.13 million for the quarter.

Wall Street Analysts Forecast Growth

IPW has been the topic of several research reports. Wall Street Zen lowered iPower from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of iPower in a report on Friday, April 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, iPower has an average rating of “Sell”.

iPower Company Profile

iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products. It also provides general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.