Ideal Power Inc. (NASDAQ:IPWR) Short Interest Down 34.6% in December

Ideal Power Inc. (NASDAQ:IPWR) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 35,743 shares, a decline of 34.6% from the November 30th total of 54,650 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 92,027 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 92,027 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the company’s stock are sold short.

Wall Street Analyst Weigh In

IPWR has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ideal Power in a research note on Monday, December 22nd. Wall Street Zen cut shares of Ideal Power to a “strong sell” rating in a report on Saturday, October 11th. Finally, Westpark Capital upgraded shares of Ideal Power from a “hold” rating to a “buy” rating and set a $10.75 price target on the stock in a research note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $10.75.

Hedge Funds Weigh In On Ideal Power

Hedge funds and other institutional investors have recently bought and sold shares of the business. AMH Equity Ltd acquired a new position in Ideal Power in the 3rd quarter valued at $785,000. Citadel Advisors LLC acquired a new stake in shares of Ideal Power during the third quarter worth $160,000. Susquehanna International Group LLP bought a new stake in shares of Ideal Power in the third quarter valued at about $132,000. Vanguard Group Inc. grew its stake in shares of Ideal Power by 4.9% in the third 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 in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Ideal Power in the second quarter valued at about $54,000. Institutional investors own 16.37% of the company’s stock.

Ideal Power Stock Down 10.5%

Shares of NASDAQ IPWR traded down $0.34 during trading hours on Monday, hitting $2.90. The company had a trading volume of 107,815 shares, compared to its average volume of 68,620. Ideal Power has a 1-year low of $2.76 and a 1-year high of $8.62. The firm’s 50 day moving average is $4.20 and its 200-day moving average is $4.76. The stock has a market capitalization of $24.68 million, a P/E ratio of -2.34 and a beta of 0.69.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings results on Thursday, November 13th. The industrial products company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.02). Ideal Power had a negative return on equity of 80.27% and a negative net margin of 26,225.58%.The firm had revenue of $0.02 million for the quarter, compared to the consensus estimate of $0.02 million.

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.