Ideal Power Inc. (NASDAQ:IPWR) Short Interest Update

Ideal Power Inc. (NASDAQ:IPWR) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 35,743 shares, a decline of 34.6% from the November 30th total of 54,650 shares. Based on an average daily volume of 92,027 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 92,027 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IPWR. Wall Street Zen lowered shares of Ideal Power to a “strong sell” rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ideal Power in a report on Monday. Finally, Westpark Capital raised Ideal Power from a “hold” rating to a “buy” rating and set a $10.75 target price on the stock in a research note on Tuesday, November 11th. One equities 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 presently has a consensus rating of “Hold” and an average target price of $10.75.

Ideal Power Stock Performance

Shares of IPWR stock traded up $0.02 on Tuesday, hitting $2.92. 81,684 shares of the company’s stock traded hands, compared to its average volume of 71,159. The stock has a market capitalization of $24.85 million, a price-to-earnings ratio of -2.35 and a beta of 0.69. The company’s fifty day simple moving average is $4.15 and its 200 day simple moving average is $4.74. Ideal Power has a one year low of $2.76 and a one year high of $8.62.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings results on Thursday, November 13th. The industrial products company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The business had revenue of $0.02 million for the quarter, compared to analysts’ expectations of $0.02 million. Ideal Power had a negative net margin of 26,225.58% and a negative return on equity of 80.27%.

Institutional Investors Weigh In On Ideal Power

A number of hedge funds and other institutional investors have recently bought and sold shares of IPWR. Jane Street Group LLC bought a new position in Ideal Power during the 2nd quarter valued at approximately $54,000. Susquehanna International Group LLP bought a new position in Ideal Power in the 3rd quarter valued at approximately $132,000. Citadel Advisors LLC purchased a new stake in Ideal Power during the 3rd quarter valued at $160,000. AMH Equity Ltd purchased a new position in shares of Ideal Power in the third quarter worth $785,000. Finally, Baird Financial Group Inc. raised its holdings in shares of Ideal Power by 3.1% during the first quarter. Baird Financial Group Inc. now owns 287,055 shares of the industrial products company’s stock valued at $1,493,000 after purchasing an additional 8,713 shares during the last quarter. Hedge funds and other institutional investors own 16.37% of the company’s stock.

Ideal Power Company Profile

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.