Short Interest in Ideal Power Inc. (NASDAQ:IPWR) Increases By 152.3%

Ideal Power Inc. (NASDAQ:IPWR) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 54,112 shares, an increase of 152.3% from the February 12th total of 21,450 shares. Based on an average daily trading volume, of 113,161 shares, the short-interest ratio is currently 0.5 days. Currently, 0.7% of the shares of the company are sold short. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 113,161 shares, the short-interest ratio is currently 0.5 days.

Insiders Place Their Bets

In related news, CEO David M. Somo acquired 90,909 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was purchased at an average cost of $2.75 per share, for a total transaction of $249,999.75. Following the completion of the transaction, the chief executive officer directly owned 338,347 shares of the company’s stock, valued at approximately $930,454.25. The trade was a 36.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ideal Power

A number of hedge funds and other institutional investors have recently made changes to their positions in IPWR. AWM Investment Company Inc. grew its position in Ideal Power by 21.7% during the fourth quarter. AWM Investment Company Inc. now owns 786,094 shares of the industrial products company’s stock worth $2,429,000 after buying an additional 140,349 shares in the last quarter. AlphaCore Capital LLC acquired a new position in Ideal Power in the 4th quarter valued at $57,000. Susquehanna International Group LLP acquired a new position in Ideal Power in the 3rd quarter valued at $132,000. Citadel Advisors LLC bought a new stake in shares of Ideal Power during the 3rd quarter valued at $160,000. Finally, Vanguard Group Inc. lifted its position in shares of Ideal Power by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock valued at $1,806,000 after acquiring an additional 16,883 shares during the period. 16.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ideal Power in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.75.

Ideal Power Stock Performance

IPWR stock opened at $3.50 on Thursday. Ideal Power has a 52 week low of $2.62 and a 52 week high of $6.90. The company has a market capitalization of $30.03 million, a PE ratio of -3.02 and a beta of 1.02. The company’s 50-day simple moving average is $3.66 and its 200 day simple moving average is $4.30.

Ideal Power (NASDAQ:IPWR) last issued its quarterly earnings data on Tuesday, March 10th. The industrial products company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.10. Ideal Power had a negative net margin of 26,225.58% and a negative return on equity of 82.78%.

Ideal Power Company Profile

Ideal Power Inc, based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company’s core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.

Ideal Power’s product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers.