Ideal Power Inc. (NASDAQ:IPWR) Short Interest Up 96.5% in December

Ideal Power Inc. (NASDAQ:IPWR) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 70,220 shares, an increase of 96.5% from the December 15th total of 35,743 shares. Based on an average daily volume of 57,680 shares, the short-interest ratio is presently 1.2 days. Currently, 0.9% of the shares of the company are sold short. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 57,680 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On Ideal Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in Ideal Power in the 2nd quarter valued at $54,000. AMH Equity Ltd purchased a new stake in shares of Ideal Power in the third quarter valued at about $785,000. Vanguard Group Inc. boosted its stake in shares of Ideal Power by 4.9% during the third quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock worth $1,806,000 after buying an additional 16,883 shares during the period. Citadel Advisors LLC purchased a new position in shares of Ideal Power during the third quarter worth about $160,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Ideal Power during the third quarter worth about $132,000. Hedge funds and other institutional investors own 16.37% of the company’s stock.

Analyst Ratings Changes

IPWR has been the subject of a number of research reports. Wall Street Zen cut shares of Ideal Power to a “strong sell” rating in a research note on Saturday, October 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ideal Power in a report on Monday, December 29th. Finally, Westpark Capital raised 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.75.

Ideal Power Stock Up 17.0%

IPWR opened at $3.78 on Friday. The firm has a market cap of $32.24 million, a P/E ratio of -3.05 and a beta of 0.73. Ideal Power has a 52 week low of $2.76 and a 52 week high of $7.86. The business has a fifty day simple moving average of $3.66 and a 200-day simple moving average of $4.66.

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

About Ideal Power

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.