Ideal Power Inc. (NASDAQ:IPWR) Sees Large Growth in Short Interest

Ideal Power Inc. (NASDAQ:IPWR) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 199,504 shares, an increase of 241.3% from the April 30th total of 58,447 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily volume of 718,898 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IPWR. Jane Street Group LLC acquired a new position in Ideal Power in the second quarter valued at approximately $54,000. Vanguard Group Inc. raised its position in Ideal Power by 4.9% in the third quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock valued at $1,806,000 after purchasing an additional 16,883 shares during the period. Citadel Advisors LLC purchased a new stake in Ideal Power in the third quarter valued at approximately $160,000. Susquehanna International Group LLP purchased a new stake in Ideal Power in the third quarter valued at approximately $132,000. Finally, AlphaCore Capital LLC purchased a new stake in Ideal Power in the fourth quarter valued at approximately $57,000. 16.37% of the stock is currently owned by institutional investors and hedge funds.

Ideal Power Price Performance

IPWR traded down $0.52 during trading hours on Friday, reaching $7.50. The company’s stock had a trading volume of 1,387,918 shares, compared to its average volume of 377,524. Ideal Power has a fifty-two week low of $2.62 and a fifty-two week high of $9.30. The stock has a market cap of $95.93 million, a PE ratio of -6.30 and a beta of 1.47. The business’s 50-day moving average is $4.24 and its 200-day moving average is $3.87.

Ideal Power (NASDAQ:IPWR) last released its quarterly earnings data on Thursday, May 14th. The industrial products company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.10). Ideal Power had a negative net margin of 26,225.58% and a negative return on equity of 94.92%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Ideal Power from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ideal Power presently has an average rating of “Hold” and a consensus target price of $10.75.

About Ideal Power

Ideal Power Inc, based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company’s core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.

Ideal Power’s product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers.