iPower Inc. (NASDAQ:IPW) Short Interest Down 48.6% in April

by · The Cerbat Gem

iPower Inc. (NASDAQ:IPW – Get Free Report) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 158,930 shares, a decline of 48.6% from the April 15th total of 309,112 shares. Approximately 16.2% of the shares of the stock are short sold. Based on an average trading volume of 1,263,021 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

IPW has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of iPower in a research report on Friday, April 17th. Wall Street Zen lowered iPower from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Read Our Latest Research Report on iPower

iPower Trading Down 10.2%

IPW stock traded down $0.10 during midday trading on Friday, reaching $0.83. The stock had a trading volume of 654,847 shares, compared to its average volume of 1,024,545. The firm has a market cap of $1.10 million, a price-to-earnings ratio of -0.18 and a beta of 3.03. iPower has a twelve month low of $0.76 and a twelve month high of $34.65. The company has a quick ratio of 1.38, a current ratio of 1.83 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $1.32 and a two-hundred day simple moving average of $5.79.

iPower (NASDAQ:IPW – Get Free Report) last issued its earnings results on Friday, February 20th. The company reported ($1.08) earnings per share (EPS) for the quarter. iPower had a negative net margin of 10.35% and a negative return on equity of 26.09%. The business had revenue of $7.13 million during the quarter.

iPower Company Profile

(Get Free Report)

iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products. It also provides general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.

See Also