iPower Inc. (NASDAQ:IPW) Sees Large Growth in Short Interest

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

Analyst Ratings Changes

IPW has been the topic of a number of recent research reports. Wall Street Zen raised shares of iPower from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of iPower in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, iPower presently has a consensus rating of “Sell”.

iPower Price Performance

Shares of NASDAQ IPW traded down $0.50 during mid-day trading on Wednesday, reaching $2.30. The company had a trading volume of 163,743 shares, compared to its average volume of 97,251. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.16. iPower has a 1-year low of $2.16 and a 1-year high of $24,261.12. The stock has a market cap of $241,500.00, a PE ratio of -0.00 and a beta of 2.96. The company has a 50-day moving average price of $16.73 and a two-hundred day moving average price of $1,033.13.

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

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.