Polar Power, Inc. (NASDAQ:POLA) Short Interest Up 95.6% in April

Polar Power, Inc. (NASDAQ:POLA) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 248,603 shares, a growth of 95.6% from the April 15th total of 127,129 shares. Based on an average daily trading volume, of 523,765 shares, the short-interest ratio is presently 0.5 days. Approximately 9.9% of the shares of the company are sold short.

Polar Power Price Performance

Shares of POLA stock traded down $0.04 during trading hours on Friday, reaching $1.63. 163,794 shares of the company’s stock were exchanged, compared to its average volume of 365,269. The company has a market cap of $5.93 million, a P/E ratio of -0.45 and a beta of 1.13. The company’s 50 day moving average is $1.77 and its two-hundred day moving average is $2.01. Polar Power has a 1 year low of $1.31 and a 1 year high of $5.75.

Polar Power (NASDAQ:POLA) last posted its quarterly earnings results on Wednesday, April 15th. The utilities provider reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.93). Polar Power had a negative net margin of 144.88% and a negative return on equity of 211.39%. The business had revenue of $0.60 million during the quarter, compared to analysts’ expectations of $5.00 million.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on POLA shares. Weiss Ratings lowered Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 1st. Wall Street Zen downgraded Polar Power from a “sell” rating to a “strong sell” rating in a research note on Sunday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock 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.