Short Interest in iPower Inc. (NASDAQ:IPW) Expands By 241.1%

iPower Inc. (NASDAQ:IPW) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 136,341 shares, a growth of 241.1% from the May 31st total of 39,974 shares. Based on an average daily volume of 604,387 shares, the short-interest ratio is currently 0.2 days. Currently, 27.9% of the company’s shares are sold short.

iPower Stock Down 18.6%

Shares of NASDAQ:IPW opened at $2.10 on Friday. iPower has a 1 year low of $2.05 and a 1 year high of $277.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 1.81. The business’s 50-day moving average is $5.09 and its 200-day moving average is $26.14. The company has a market capitalization of $1.39 million, a price-to-earnings ratio of -0.04 and a beta of 2.85.

iPower (NASDAQ:IPW) last issued its earnings results on Wednesday, May 20th. The company reported ($1.44) earnings per share for the quarter. The business had revenue of $3.50 million during the quarter. iPower had a negative return on equity of 26.96% and a negative net margin of 23.43%.During the same period in the prior year, the firm posted ($5.60) EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of iPower from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. Weiss Ratings restated a “sell (e+)” rating on shares of iPower in a report on Friday, April 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

About iPower

iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products. It also provides general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.