Ideal Power Inc. (NASDAQ:IPWR) Short Interest Update

Ideal Power Inc. (NASDAQ:IPWR) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 100,000 shares, a growth of 47.9% from the August 15th total of 67,600 shares. Based on an average daily volume of 71,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.2% of the shares of the company are short sold. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 71,000 shares, the days-to-cover ratio is presently 1.4 days.

Ideal Power Price Performance

Shares of NASDAQ IPWR opened at $5.20 on Thursday. The firm has a market capitalization of $44.20 million, a PE ratio of -4.23 and a beta of 1.11. Ideal Power has a 1-year low of $3.77 and a 1-year high of $8.85. The business’s fifty day moving average price is $5.15 and its two-hundred day moving average price is $4.96.

Ideal Power (NASDAQ:IPWR) last announced its quarterly earnings results on Thursday, August 14th. The industrial products company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.08). Ideal Power had a negative net margin of 58,031.58% and a negative return on equity of 66.48%. The firm had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.02 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. LeConte Wealth Management LLC bought a new stake in shares of Ideal Power during the first quarter valued at approximately $939,000. Jane Street Group LLC acquired a new stake in Ideal Power in the 2nd quarter valued at approximately $54,000. XTX Topco Ltd acquired a new stake in Ideal Power in the 1st quarter valued at approximately $54,000. Baird Financial Group Inc. raised its stake in Ideal Power by 3.1% during the 1st quarter. Baird Financial Group Inc. now owns 287,055 shares of the industrial products company’s stock valued at $1,493,000 after acquiring an additional 8,713 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Ideal Power by 34.4% during the 4th quarter. Northern Trust Corp now owns 13,461 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 3,443 shares during the period. Institutional investors own 16.37% of the company’s stock.

About Ideal Power

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.