Polar Power, Inc. (NASDAQ:POLA) Short Interest Up 807.5% in March

Polar Power, Inc. (NASDAQ:POLA) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 787,352 shares, a growth of 807.5% from the February 26th total of 86,760 shares. Approximately 42.8% of the shares of the company are short sold. Based on an average trading volume of 4,006,871 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 4,006,871 shares, the days-to-cover ratio is presently 0.2 days. Approximately 42.8% of the shares of the company are short sold.

Analysts Set New Price Targets

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

Polar Power Price Performance

Polar Power stock traded down $0.01 during trading hours on Tuesday, hitting $1.75. The company had a trading volume of 68,741 shares, compared to its average volume of 2,161,229. The firm has a 50-day moving average of $1.64 and a 200 day moving average of $2.46. The firm has a market cap of $4.66 million, a PE ratio of -0.78 and a beta of 1.39. Polar Power has a one year low of $1.31 and a one year high of $5.75.

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.