Polar Power, Inc. (NASDAQ:POLA) Short Interest Up 192.1% in July

Polar Power, Inc. (NASDAQ:POLA) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 422,346 shares, a growth of 192.1% from the July 15th total of 144,608 shares. Approximately 15.8% of the company’s shares are short sold. Based on an average daily volume of 4,181,718 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Polar Power from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings upgraded shares of Polar Power from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Polar Power Stock Down 2.7%

Shares of POLA stock traded down $0.05 during trading hours on Thursday, reaching $1.80. The company had a trading volume of 240,987 shares, compared to its average volume of 2,629,970. The business has a fifty day simple moving average of $1.70 and a 200-day simple moving average of $1.72. Polar Power has a 12 month low of $1.31 and a 12 month high of $5.75.

Polar Power (NASDAQ:POLA) last posted its quarterly earnings data on Wednesday, May 20th. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.58. Polar Power had a negative net margin of 127.53% and a negative return on equity of 259.19%. The firm had revenue of $1.73 million for the quarter, compared to the consensus estimate of $3.80 million.

Polar Power Company Profile

Polar Power, Inc (NASDAQ: POLA) is a California-based designer and manufacturer of direct current (DC) power generation and distribution systems. The company’s primary offerings include solar hybrid power systems, DC gensets and DC power modules engineered to provide reliable, off-grid or grid-tied power solutions. These products are tailored to applications in telecommunications, military, oil and gas, and other industries requiring continuous, low-cost energy delivery in remote or critical-power environments.

Polar Power’s solar hybrid systems combine solar photovoltaic arrays with DC generators and battery storage to create integrated, turnkey power plants.