Polar Power, Inc. (NASDAQ:POLA) Sees Large Growth in Short Interest

Polar Power, Inc. (NASDAQ:POLA) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 146,293 shares, a growth of 2,178.7% from the January 15th total of 6,420 shares. Currently, 8.0% of the company’s shares are short sold. Based on an average trading volume of 7,795,620 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 7,795,620 shares, the days-to-cover ratio is presently 0.0 days. Currently, 8.0% of the company’s shares are short sold.

Polar Power Stock Up 2.6%

NASDAQ POLA opened at $1.56 on Wednesday. The stock’s 50 day moving average is $1.84 and its 200 day moving average is $2.54. The firm has a market capitalization of $4.15 million, a PE ratio of -0.70 and a beta of 1.36. Polar Power has a twelve month low of $1.31 and a twelve month high of $5.75.

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Polar Power in a report on Wednesday, December 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.