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

Polar Power, Inc. (NASDAQ:POLA) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 24,481 shares, a decline of 46.4% from the December 15th total of 45,677 shares. Based on an average daily trading volume, of 23,415 shares, the short-interest ratio is currently 1.0 days. Currently, 1.3% of the shares of the stock are short sold. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,415 shares, the short-interest ratio is currently 1.0 days.

Polar Power Stock Down 3.4%

POLA traded down $0.05 during midday trading on Thursday, hitting $1.44. 181,313 shares of the company were exchanged, compared to its average volume of 83,351. The firm’s 50 day moving average price is $2.24 and its 200-day moving average price is $2.58. Polar Power has a 1-year low of $1.31 and a 1-year high of $5.75. The firm has a market capitalization of $3.83 million, a P/E ratio of -0.64 and a beta of 0.73.

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

Wall Street Analysts Forecast Growth

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

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.