Polar Power, Inc. (NASDAQ:POLA) Short Interest Up 192.1% in July

Polar Power, Inc. (NASDAQ:POLA) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 422,346 shares, a growth of 192.1% from the July 15th total of 144,608 shares. Based on an average trading volume of 4,181,718 shares, the short-interest ratio is presently 0.1 days. Approximately 15.8% of the shares of the company are short sold.

Polar Power Trading Down 1.1%

POLA stock traded down $0.02 during trading on Friday, reaching $1.78. 70,302 shares of the stock were exchanged, compared to its average volume of 2,640,654. Polar Power has a twelve month low of $1.31 and a twelve month high of $5.75. The company has a market capitalization of $6.85 million, a P/E ratio of -0.57 and a beta of 1.21. The stock has a 50 day simple moving average of $1.70 and a 200-day simple moving average of $1.72.

Polar Power (NASDAQ:POLA) last issued its earnings results on Wednesday, May 20th. The utilities provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.63) by $0.58. The business had revenue of $1.73 million for the quarter, compared to analyst estimates of $3.80 million. Polar Power had a negative net margin of 127.53% and a negative return on equity of 259.19%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Weiss Ratings upgraded Polar Power from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded Polar Power from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently 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.