Ideal Power Inc. (NASDAQ:IPWR) Short Interest Update

Ideal Power Inc. (NASDAQ:IPWR) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 70,220 shares, an increase of 96.5% from the December 15th total of 35,743 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily volume of 57,680 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 57,680 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.9% of the company’s stock are sold short.

Institutional Investors Weigh In On Ideal Power

Institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP bought a new position in shares of Ideal Power during the third quarter worth approximately $132,000. Citadel Advisors LLC acquired a new position in Ideal Power in the 3rd quarter valued at $160,000. Vanguard Group Inc. increased its position in Ideal Power by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock worth $1,806,000 after buying an additional 16,883 shares during the period. AMH Equity Ltd acquired a new stake in shares of Ideal Power during the third quarter worth $785,000. Finally, Jane Street Group LLC acquired a new stake in shares of Ideal Power during the second quarter worth $54,000. Institutional investors own 16.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Ideal Power to a “strong sell” rating in a research note on Saturday, October 11th. Westpark Capital upgraded shares of Ideal Power from a “hold” rating to a “buy” rating and set a $10.75 price objective for the company in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ideal Power in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.75.

Ideal Power Stock Performance

IPWR traded up $0.55 during trading hours on Friday, reaching $3.78. The company’s stock had a trading volume of 130,460 shares, compared to its average volume of 63,036. The company’s 50-day moving average is $3.66 and its 200-day moving average is $4.66. Ideal Power has a 52 week low of $2.76 and a 52 week high of $7.86. The firm has a market cap of $32.24 million, a PE ratio of -3.05 and a beta of 0.73.

Ideal Power (NASDAQ:IPWR) last released its quarterly earnings data on Thursday, November 13th. The industrial products company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The company had revenue of $0.02 million during the quarter, compared to analyst estimates of $0.02 million. Ideal Power had a negative net margin of 26,225.58% and a negative return on equity of 80.27%.

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.