iPower Inc. (NASDAQ:IPW) Short Interest Update

iPower Inc. (NASDAQ:IPW) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 188,903 shares, an increase of 55.9% from the July 15th total of 121,148 shares. Based on an average daily volume of 3,104,243 shares, the short-interest ratio is presently 0.1 days. Currently, 32.7% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IPW. Wall Street Zen cut iPower from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of iPower in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Insider Buying and Selling

In other iPower news, major shareholder Financial Lp Hrt bought 1,993 shares of iPower stock in a transaction on Monday, July 6th. The stock was acquired at an average price of $18.72 per share, with a total value of $37,308.96. Following the acquisition, the insider owned 8,898 shares in the company, valued at approximately $166,570.56. This trade represents a 28.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 25.96% of the company’s stock.

iPower Stock Up 2.0%

iPower stock opened at $3.12 on Thursday. iPower has a one year low of $2.92 and a one year high of $2,494.80. The stock has a fifty day moving average of $12.21 and a 200 day moving average of $81.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.81 and a current ratio of 2.20. The stock has a market cap of $2.43 million, a PE ratio of -0.01 and a beta of 3.00.

iPower (NASDAQ:IPW) last announced its earnings results on Wednesday, May 20th. The company reported ($12.96) earnings per share (EPS) for the quarter. iPower had a negative return on equity of 26.96% and a negative net margin of 23.43%.The firm had revenue of $3.50 million during the quarter. During the same quarter last year, the firm earned ($50.40) earnings per share.

iPower Company Profile

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.