iPower Inc. (NASDAQ:IPW) Short Interest Update

iPower Inc. (NASDAQ:IPW) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 46,595 shares, a growth of 140.8% from the August 15th total of 19,354 shares. Approximately 6.7% of the shares of the stock are sold short. Based on an average trading volume of 210,570 shares, the short-interest ratio is currently 0.2 days.

iPower Stock Performance

IPW stock traded up $0.16 on Monday, hitting $1.93. 263,356 shares of the company’s stock traded hands, compared to its average volume of 136,209. iPower has a 1-year low of $1.53 and a 1-year high of $2,494.80. The stock has a fifty day moving average of $5.07 and a 200-day moving average of $48.84. The company has a quick ratio of 1.81, a current ratio of 2.20 and a debt-to-equity ratio of 0.26.

Insider Activity at iPower

In related news, major shareholder Financial Lp Hrt acquired 1,993 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were acquired at an average price of $18.72 per share, for a total transaction of $37,308.96. Following the completion of the purchase, the insider directly owned 8,898 shares of the company’s stock, valued at $166,570.56. The trade was a 28.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

IPW has been the topic of several research analyst reports. Wall Street Zen cut iPower from a “sell” rating to a “strong sell” rating in a research report on Sunday. Weiss Ratings restated a “sell (e+)” rating on shares of iPower in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

iPower Company Profile

iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products. It also provides general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.