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

Polar Power, Inc. (NASDAQ:POLA) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 248,603 shares, a growth of 95.6% from the April 15th total of 127,129 shares. Approximately 9.9% of the company’s stock are short sold. Based on an average daily volume of 523,765 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

POLA has been the subject of a number of research reports. Weiss Ratings cut shares of Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 1st. Wall Street Zen cut shares of Polar Power from a “sell” rating to a “strong sell” rating in a report on Sunday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Polar Power Trading Up 4.3%

Shares of NASDAQ:POLA opened at $1.70 on Tuesday. The company has a market capitalization of $6.19 million, a PE ratio of -0.47 and a beta of 1.13. Polar Power has a twelve month low of $1.31 and a twelve month high of $5.75. The firm has a 50 day simple moving average of $1.77 and a 200-day simple moving average of $1.98.

Polar Power (NASDAQ:POLA) last issued its quarterly earnings data on Wednesday, April 15th. The utilities provider reported ($1.35) earnings per share for the quarter, missing the consensus estimate of ($0.42) by ($0.93). The company had revenue of $0.60 million for the quarter, compared to analysts’ expectations of $5.00 million. Polar Power had a negative return on equity of 211.39% and a negative net margin of 144.88%.

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.