Polar Power, Inc. (NASDAQ:POLA) Sees Significant Decline in Short Interest

Polar Power, Inc. (NASDAQ:POLA) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 447,867 shares, a decline of 43.1% from the March 15th total of 787,352 shares. Approximately 24.3% of the shares of the company are short sold. Based on an average daily trading volume, of 3,005,888 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on POLA shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Polar Power in a report on Wednesday, December 24th. Wall Street Zen raised shares of Polar Power to a “sell” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Polar Power Trading Down 0.5%

Shares of NASDAQ:POLA traded down $0.01 during mid-day trading on Monday, reaching $1.81. The stock had a trading volume of 54,751 shares, compared to its average volume of 2,357,921. Polar Power has a twelve month low of $1.31 and a twelve month high of $5.75. The firm has a 50 day simple moving average of $1.64 and a two-hundred day simple moving average of $2.37. The firm has a market cap of $4.81 million, a PE ratio of -0.81 and a beta of 1.17.

About Polar Power

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.