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

Ideal Power Inc. (NASDAQ:IPWR) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 199,504 shares, a growth of 241.3% from the April 30th total of 58,447 shares. Based on an average daily trading volume, of 718,898 shares, the short-interest ratio is currently 0.3 days. Approximately 1.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AlphaCore Capital LLC bought a new position in Ideal Power in the fourth quarter worth approximately $57,000. AIGH Capital Management LLC boosted its holdings in Ideal Power by 140.2% in the first quarter. AIGH Capital Management LLC now owns 1,181,696 shares of the industrial products company’s stock worth $3,344,000 after acquiring an additional 689,707 shares in the last quarter. Jane Street Group LLC bought a new position in Ideal Power in the second quarter worth approximately $54,000. Susquehanna International Group LLP bought a new position in Ideal Power in the third quarter worth approximately $132,000. Finally, Vanguard Group Inc. boosted its holdings in Ideal Power by 4.9% in the third quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock worth $1,806,000 after acquiring an additional 16,883 shares in the last quarter. Institutional investors own 16.37% of the company’s stock.

Ideal Power Trading Down 7.2%

NASDAQ IPWR traded down $0.58 during trading hours on Friday, hitting $7.44. 1,699,953 shares of the company’s stock were exchanged, compared to its average volume of 1,260,045. The stock has a 50-day simple moving average of $4.33 and a 200 day simple moving average of $3.89. Ideal Power has a 1-year low of $2.62 and a 1-year high of $9.30. The firm has a market cap of $95.16 million, a price-to-earnings ratio of -6.25 and a beta of 1.47.

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

Wall Street Analyst Weigh In

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

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.