iPower Inc. (NASDAQ:IPW) Short Interest Update

iPower Inc. (NASDAQ:IPW) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 136,341 shares, an increase of 241.1% from the May 31st total of 39,974 shares. Based on an average trading volume of 604,387 shares, the days-to-cover ratio is presently 0.2 days. Approximately 27.9% of the company’s stock are sold short.

Wall Street Analyst Weigh In

IPW has been the subject of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of iPower in a report on Friday, April 17th. Wall Street Zen upgraded shares of iPower from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

iPower Stock Up 4.8%

Shares of IPW traded up $0.10 during trading hours on Monday, hitting $2.20. The company had a trading volume of 401,959 shares, compared to its average volume of 203,799. iPower has a one year low of $1.91 and a one year high of $277.20. The company’s fifty day moving average price is $4.96 and its two-hundred day moving average price is $25.06. The company has a market capitalization of $1.45 million, a PE ratio of -0.04 and a beta of 2.86. The company has a current ratio of 2.20, a quick ratio of 1.81 and a debt-to-equity ratio of 0.26.

iPower (NASDAQ:IPW) last posted its earnings results on Wednesday, May 20th. The company reported ($1.44) earnings per share (EPS) for the quarter. The company had revenue of $3.50 million during the quarter. iPower had a negative net margin of 23.43% and a negative return on equity of 26.96%. During the same quarter in the previous year, the business earned ($5.60) EPS.

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.