iPower Inc. (NASDAQ:IPW) Short Interest Up 140.8% in August

iPower Inc. (NASDAQ:IPW) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 46,595 shares, a growth of 140.8% from the August 15th total of 19,354 shares. Approximately 6.7% of the shares of the company are short sold. Based on an average daily trading volume, of 210,570 shares, the days-to-cover ratio is presently 0.2 days.

iPower Stock Performance

Shares of NASDAQ:IPW traded up $0.07 during midday trading on Friday, reaching $1.77. The company’s stock had a trading volume of 62,966 shares, compared to its average volume of 216,288. The firm has a market capitalization of $1.66 million, a PE ratio of -0.00 and a beta of 2.92. iPower has a twelve month low of $1.53 and a twelve month high of $2,494.80. The stock has a fifty day moving average of $5.38 and a 200 day moving average of $50.74. The company has a quick ratio of 1.81, a current ratio of 2.20 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling at iPower

In other news, major shareholder Financial Lp Hrt bought 1,993 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were purchased at an average cost of $18.72 per share, with a total value of $37,308.96. Following the transaction, the insider directly owned 8,898 shares in the company, valued at approximately $166,570.56. The trade was a 28.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 25.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wall Street Zen lowered iPower from a “sell” rating to a “strong sell” rating in a report on Sunday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iPower in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

About iPower

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.