Ideal Power Inc. (NASDAQ:IPWR) Short Interest Update

Ideal Power Inc. (NASDAQ:IPWR) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 199,504 shares, an increase of 241.3% from the April 30th total of 58,447 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 718,898 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Ideal Power

A number of large investors have recently modified their holdings of IPWR. Jane Street Group LLC purchased a new position in shares of Ideal Power during the 2nd quarter worth approximately $54,000. AlphaCore Capital LLC purchased a new position in shares of Ideal Power during the 4th quarter worth approximately $57,000. Susquehanna International Group LLP purchased a new position in shares of Ideal Power during the 3rd quarter worth approximately $132,000. Citadel Advisors LLC purchased a new position in shares of Ideal Power during the 3rd quarter worth approximately $160,000. Finally, Vanguard Group Inc. raised its stake in shares of Ideal Power by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock worth $1,806,000 after buying an additional 16,883 shares in the last quarter. 16.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Ideal Power from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.75.

Ideal Power Stock Performance

Ideal Power stock traded down $0.58 during mid-day trading on Friday, reaching $7.44. 1,699,953 shares of the company were exchanged, compared to its average volume of 1,260,045. Ideal Power has a twelve month low of $2.62 and a twelve month high of $9.30. The firm’s 50-day simple moving average is $4.33 and its two-hundred day simple moving average is $3.89. The firm has a market cap of $95.16 million, a PE ratio of -6.25 and a beta of 1.47.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings data on Thursday, May 14th. The industrial products company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.10). Ideal Power had a negative return on equity of 94.92% and a negative net margin of 26,225.58%.

About Ideal Power

Ideal Power Inc, based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company’s core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.

Ideal Power’s product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers.