iPower Inc. (NASDAQ:IPW) Stock Short Interest Climbs 284.9%

iPower Inc. (NASDAQ:IPW) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 223,305 shares, an increase of 284.9% from the September 30th total of 58,011 shares. Based on an average daily trading volume, of 8,425,225 shares, the short-interest ratio is currently 0.0 days. Approximately 17.8% of the company’s shares are short sold.

iPower Stock Performance

iPower stock traded down $0.20 during midday trading on Friday, hitting $2.02. The stock had a trading volume of 8,720 shares, compared to its average volume of 96,733. iPower has a 52-week low of $2.01 and a 52-week high of $14,247.36. The company has a market capitalization of $221,650.00, a PE ratio of -0.00 and a beta of 2.96. The firm’s fifty day moving average is $15.33 and its two-hundred day moving average is $969.26. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.16.

iPower (NASDAQ:IPW) last posted its quarterly earnings results on Friday, October 2nd. The company reported ($912.68) earnings per share for the quarter. The firm had revenue of $1.43 million during the quarter. iPower had a negative return on equity of 47.96% and a negative net margin of 23.43%.

Wall Street Analyst Weigh In

IPW has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of iPower from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. Weiss Ratings restated a “sell (e+)” rating on shares of iPower in a report on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, iPower currently has a consensus rating of “Sell”.

About iPower

iPower Inc (NASDAQ: IPW) is an e-commerce company focused on indoor gardening, hydroponics and related growing supplies. The company serves home gardeners, hobbyists and other consumers seeking equipment for controlled-environment cultivation.

Its product offerings include grow lights, grow tents, ventilation and air-movement equipment, hydroponic systems, pumps, growing media, nutrients, containers and other gardening accessories. iPower sells products through its own online channels and third-party e-commerce marketplaces, including platforms such as Amazon and Walmart.

Based in the United States, iPower primarily serves the North American consumer market.