Ideal Power Inc. (NASDAQ:IPWR) Short Interest Update
by Scott Moore · The Cerbat GemIdeal Power Inc. (NASDAQ:IPWR – Get Free Report) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 21,450 shares, a decrease of 81.4% from the January 29th total of 115,586 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 105,156 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 105,156 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are short sold.
Ideal Power Price Performance
Shares of NASDAQ IPWR traded down $0.10 during midday trading on Friday, hitting $3.59. 230,673 shares of the company’s stock were exchanged, compared to its average volume of 109,378. Ideal Power has a twelve month low of $2.62 and a twelve month high of $6.90. The firm has a market cap of $30.80 million, a P/E ratio of -2.90 and a beta of 0.97. The stock’s 50 day moving average price is $3.62 and its 200-day moving average price is $4.38.
Insider Buying and Selling
In related news, CEO David M. Somo bought 90,909 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was bought at an average price of $2.75 per share, with a total value of $249,999.75. Following the transaction, the chief executive officer owned 338,347 shares of the company’s stock, valued at approximately $930,454.25. This trade represents a 36.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 5.36% of the stock is owned by company insiders.
Institutional Investors Weigh In On Ideal Power
Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in Ideal Power during the 2nd quarter valued at about $54,000. AlphaCore Capital LLC acquired a new position in shares of Ideal Power during the fourth quarter valued at approximately $57,000. Susquehanna International Group LLP bought a new stake in Ideal Power during the third quarter worth approximately $132,000. Citadel Advisors LLC acquired a new stake in Ideal Power in the third quarter worth approximately $160,000. Finally, AMH Equity Ltd acquired a new stake in Ideal Power in the third quarter worth approximately $785,000. 16.37% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Ideal Power in a report on Monday, December 29th. Westpark Capital upgraded Ideal Power from a “hold” rating to a “buy” rating and set a $10.75 price objective for the company in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.75.
Check Out Our Latest Research Report on IPWR
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.