Ideal Power Inc. (NASDAQ:IPWR) Short Interest Up 96.5% in December

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

Analyst Ratings Changes

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

Ideal Power Price Performance

Shares of Ideal Power stock traded down $0.03 during trading on Thursday, hitting $3.46. 14,512 shares of the company’s stock traded hands, compared to its average volume of 65,928. Ideal Power has a 1 year low of $2.76 and a 1 year high of $7.86. The business has a 50-day simple moving average of $3.72 and a 200-day simple moving average of $4.68. The stock has a market capitalization of $29.51 million, a P/E ratio of -2.79 and a beta of 0.73.

Ideal Power (NASDAQ:IPWR) last issued its earnings results on Thursday, November 13th. The industrial products company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). The business had revenue of $0.02 million during the quarter, compared to analysts’ expectations of $0.02 million. Ideal Power had a negative return on equity of 80.27% and a negative net margin of 26,225.58%.

Institutional Investors Weigh In On Ideal Power

A number of large investors have recently added to or reduced their stakes in the stock. AMH Equity Ltd bought a new stake in shares of Ideal Power in the third quarter worth $785,000. Citadel Advisors LLC purchased a new position in Ideal Power in the third quarter worth about $160,000. Susquehanna International Group LLP bought a new stake in shares of Ideal Power during the 3rd quarter valued at about $132,000. Vanguard Group Inc. increased its position in shares of Ideal Power by 4.9% during the 3rd 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 last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Ideal Power during the 2nd quarter valued at about $54,000. Institutional investors own 16.37% of the company’s stock.

Ideal Power Company Profile

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.