Polar Power, Inc. (NASDAQ:POLA) Sees Significant Decline in Short Interest

Polar Power, Inc. (NASDAQ:POLA) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 331,200 shares, a decrease of 18.2% from the March 15th total of 405,100 shares. Based on an average trading volume of 101,400 shares, the short-interest ratio is currently 3.3 days.

Hedge Funds Weigh In On Polar Power

Several institutional investors have recently modified their holdings of POLA. Renaissance Technologies LLC grew its position in shares of Polar Power by 5.7% during the first quarter. Renaissance Technologies LLC now owns 107,385 shares of the utilities provider’s stock worth $344,000 after acquiring an additional 5,785 shares during the last quarter. Vanguard Group Inc. grew its position in Polar Power by 87.0% in the 3rd quarter. Vanguard Group Inc. now owns 232,896 shares of the utilities provider’s stock valued at $575,000 after buying an additional 108,367 shares in the last quarter. Baird Financial Group Inc. increased its stake in Polar Power by 3.8% during the 3rd quarter. Baird Financial Group Inc. now owns 316,055 shares of the utilities provider’s stock valued at $781,000 after buying an additional 11,600 shares during the period. Finally, Bard Associates Inc. increased its stake in Polar Power by 802.2% during the 4th quarter. Bard Associates Inc. now owns 2,806,023 shares of the utilities provider’s stock valued at $1,140,000 after buying an additional 2,495,000 shares during the period. Institutional investors own 26.10% of the company’s stock.

Polar Power Stock Performance

Polar Power stock opened at $0.45 on Monday. The company has a 50-day simple moving average of $0.44 and a 200-day simple moving average of $0.58. Polar Power has a one year low of $0.32 and a one year high of $1.88.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Polar Power in a research report on Monday, April 8th. They set a “sell” rating for the company.

About Polar Power

Polar Power, Inc designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats.