Polar Power, Inc. (NASDAQ:POLA) Short Interest Down 46.4% in December

Polar Power, Inc. (NASDAQ:POLA) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 24,481 shares, a drop of 46.4% from the December 15th total of 45,677 shares. Based on an average daily trading volume, of 23,415 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.3% of the company’s stock are sold short. Currently, 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 23,415 shares, the days-to-cover ratio is presently 1.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Polar Power in a report on Wednesday, December 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Polar Power has an average rating of “Sell”.

Polar Power Price Performance

Polar Power stock traded down $0.05 during trading hours on Thursday, hitting $1.44. The company had a trading volume of 181,313 shares, compared to its average volume of 83,351. The firm has a market capitalization of $3.83 million, a P/E ratio of -0.64 and a beta of 0.73. The firm’s fifty day moving average is $2.24 and its 200-day moving average is $2.58. Polar Power has a fifty-two week low of $1.31 and a fifty-two week high of $5.75.

Polar Power (NASDAQ:POLA) last issued its quarterly earnings results on Wednesday, November 19th. The utilities provider reported ($1.63) earnings per share for the quarter. Polar Power had a negative net margin of 104.14% and a negative return on equity of 135.21%. The company had revenue of $1.27 million during the quarter.

Polar Power Company Profile

Polar Power, Inc (NASDAQ: POLA) is a California-based designer and manufacturer of direct current (DC) power generation and distribution systems. The company’s primary offerings include solar hybrid power systems, DC gensets and DC power modules engineered to provide reliable, off-grid or grid-tied power solutions. These products are tailored to applications in telecommunications, military, oil and gas, and other industries requiring continuous, low-cost energy delivery in remote or critical-power environments.

Polar Power’s solar hybrid systems combine solar photovoltaic arrays with DC generators and battery storage to create integrated, turnkey power plants.