Polar Power, Inc. (NASDAQ:POLA) Short Interest Up 192.1% in July

Polar Power, Inc. (NASDAQ:POLA) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 422,346 shares, an increase of 192.1% from the July 15th total of 144,608 shares. Currently, 15.8% of the company’s stock are short sold. Based on an average daily volume of 4,181,718 shares, the short-interest ratio is presently 0.1 days.

Polar Power Stock Performance

Shares of NASDAQ:POLA traded down $0.05 on Thursday, reaching $1.80. 240,987 shares of the company’s stock were exchanged, compared to its average volume of 2,629,970. The company has a fifty day moving average of $1.70 and a 200-day moving average of $1.72. Polar Power has a twelve month low of $1.31 and a twelve month high of $5.75.

Polar Power (NASDAQ:POLA) last announced its quarterly earnings data on Wednesday, May 20th. The utilities provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.63) by $0.58. Polar Power had a negative return on equity of 259.19% and a negative net margin of 127.53%.The firm had revenue of $1.73 million during the quarter, compared to analysts’ expectations of $3.80 million.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wall Street Zen raised shares of Polar Power from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings upgraded Polar Power from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Polar Power presently has an average rating of “Sell”.

Polar Power Company Profile

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.