Ideal Power Inc. (NASDAQ:IPWR) Sees Large Growth in Short Interest

Ideal Power Inc. (NASDAQ:IPWR) was the recipient of a large increase in short interest in 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. Based on an average daily volume of 718,898 shares, the short-interest ratio is presently 0.3 days. Currently, 1.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Ideal Power

Several institutional investors have recently bought and sold shares of IPWR. Jane Street Group LLC acquired a new stake in Ideal Power in the 2nd quarter worth about $54,000. AlphaCore Capital LLC acquired a new stake in Ideal Power in the 4th quarter worth about $57,000. Susquehanna International Group LLP acquired a new position in shares of Ideal Power during the 3rd quarter worth approximately $132,000. Citadel Advisors LLC acquired a new position in shares of Ideal Power during the 3rd quarter worth approximately $160,000. Finally, Vanguard Group Inc. boosted its holdings 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 purchasing an additional 16,883 shares during the last quarter. 16.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Ideal Power from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.75.

Ideal Power Stock Performance

Shares of Ideal Power stock traded down $0.52 on Friday, hitting $7.50. The company’s stock had a trading volume of 1,387,918 shares, compared to its average volume of 377,524. Ideal Power has a 1 year low of $2.62 and a 1 year high of $9.30. The firm has a fifty day moving average price of $4.24 and a 200-day moving average price of $3.87. The company has a market capitalization of $95.93 million, a price-to-earnings ratio of -6.30 and a beta of 1.47.

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

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.