Polar Power, Inc. (NASDAQ:POLA) Short Interest Up 807.5% in March

Polar Power, Inc. (NASDAQ:POLA) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 787,352 shares, an increase of 807.5% from the February 26th total of 86,760 shares. Approximately 42.8% of the shares of the stock are short sold. Based on an average daily volume of 4,006,871 shares, the short-interest ratio is presently 0.2 days.

Polar Power Stock Performance

Shares of POLA stock traded down $0.06 on Thursday, hitting $1.63. 58,692 shares of the stock traded hands, compared to its average volume of 2,147,851. Polar Power has a twelve month low of $1.31 and a twelve month high of $5.75. The firm’s 50-day moving average price is $1.64 and its two-hundred day moving average price is $2.45. The stock has a market capitalization of $4.34 million, a PE ratio of -0.73 and a beta of 1.39.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Polar Power in a report on Wednesday, December 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Polar Power presently has an average rating of “Sell”.

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.