iPower Inc. (NASDAQ:IPW) Stock Short Interest Climbs 284.9%

iPower Inc. (NASDAQ:IPW) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 223,305 shares, an increase of 284.9% from the September 30th total of 58,011 shares. Based on an average daily trading volume, of 8,425,225 shares, the days-to-cover ratio is presently 0.0 days. Approximately 17.8% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IPW. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iPower in a report on Tuesday, October 13th. Wall Street Zen raised shares of iPower from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

iPower Stock Down 17.9%

iPower stock traded down $0.50 during mid-day trading on Wednesday, reaching $2.30. 163,743 shares of the company’s stock were exchanged, compared to its average volume of 97,251. The company has a market cap of $241,500.00, a P/E ratio of -0.00 and a beta of 2.96. iPower has a twelve month low of $2.16 and a twelve month high of $24,261.12. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $16.73 and a 200-day moving average of $1,033.13.

iPower (NASDAQ:IPW) last posted its quarterly earnings data on Friday, October 2nd. The company reported ($912.68) earnings per share for the quarter. The company had revenue of $1.43 million for the quarter. iPower had a negative return on equity of 47.96% and a negative net margin of 23.43%.

iPower Company Profile

iPower Inc (NASDAQ: IPW) is an e-commerce company focused on indoor gardening, hydroponics and related growing supplies. The company serves home gardeners, hobbyists and other consumers seeking equipment for controlled-environment cultivation.

Its product offerings include grow lights, grow tents, ventilation and air-movement equipment, hydroponic systems, pumps, growing media, nutrients, containers and other gardening accessories. iPower sells products through its own online channels and third-party e-commerce marketplaces, including platforms such as Amazon and Walmart.

Based in the United States, iPower primarily serves the North American consumer market.