Polar Power, Inc. (NASDAQ:POLA) Short Interest Update

Polar Power, Inc. (NASDAQ:POLA) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 146,293 shares, an increase of 2,178.7% from the January 15th total of 6,420 shares. Currently, 8.0% of the company’s stock are short sold. Based on an average trading volume of 7,795,620 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 7,795,620 shares, the days-to-cover ratio is presently 0.0 days. Currently, 8.0% of the company’s stock are short sold.

Polar Power Trading Down 2.6%

Shares of POLA stock opened at $1.52 on Thursday. The stock has a market capitalization of $4.04 million, a price-to-earnings ratio of -0.68 and a beta of 1.36. Polar Power has a 12-month low of $1.31 and a 12-month high of $5.75. The stock’s 50-day moving average price is $1.83 and its 200-day moving average price is $2.54.

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

Analyst Ratings Changes

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