iPower Inc. (NASDAQ:IPW) Sees Significant Decrease in Short Interest

iPower Inc. (NASDAQ:IPW) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 158,930 shares, a decline of 48.6% from the April 15th total of 309,112 shares. Currently, 16.2% of the shares of the company are short sold. Based on an average daily volume of 1,263,021 shares, the short-interest ratio is presently 0.1 days.

iPower Price Performance

Shares of iPower stock traded down $0.10 during trading hours on Friday, hitting $0.83. The company’s stock had a trading volume of 654,847 shares, compared to its average volume of 747,727. The business has a 50 day moving average price of $1.32 and a two-hundred day moving average price of $5.57. iPower has a 12-month low of $0.76 and a 12-month high of $34.65. The company has a market cap of $1.10 million, a PE ratio of -0.18 and a beta of 3.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 1.83.

iPower (NASDAQ:IPW) last announced its quarterly earnings data on Friday, February 20th. The company reported ($1.08) EPS for the quarter. iPower had a negative net margin of 10.35% and a negative return on equity of 26.09%. The business had revenue of $7.13 million during the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of iPower in a research report on Friday, April 17th. Wall Street Zen downgraded iPower from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

About iPower

iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products. It also provides general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.