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

Polar Power, Inc. (NASDAQ:POLA) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 81,800 shares, an increase of 752.1% from the February 28th total of 9,600 shares. Currently, 4.8% of the company’s stock are short sold. Based on an average trading volume of 168,900 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Polar Power in a research report on Wednesday. They set a “sell” rating on the stock.

Polar Power Stock Performance

POLA opened at $2.60 on Thursday. The business’s 50-day simple moving average is $2.86 and its 200-day simple moving average is $3.05. The stock has a market capitalization of $6.52 million, a P/E ratio of -1.13 and a beta of 0.89. Polar Power has a one year low of $1.78 and a one year high of $4.90.

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.