Ideal Power Inc. (NASDAQ:IPWR) Short Interest Up 10.0% in March

Ideal Power Inc. (NASDAQ:IPWRGet Free Report) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 80,600 shares, a growth of 10.0% from the February 29th total of 73,300 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 36,200 shares, the short-interest ratio is currently 2.2 days.

Ideal Power Stock Performance

Ideal Power stock opened at $8.20 on Wednesday. Ideal Power has a 12 month low of $6.61 and a 12 month high of $13.98. The company’s fifty day simple moving average is $9.30 and its 200-day simple moving average is $8.82.

Ideal Power (NASDAQ:IPWRGet Free Report) last issued its earnings results on Thursday, February 29th. The industrial products company reported ($0.39) EPS for the quarter. Ideal Power had a negative net margin of 4,977.50% and a negative return on equity of 70.19%. The firm had revenue of $0.06 million during the quarter.

Hedge Funds Weigh In On Ideal Power

A number of hedge funds have recently added to or reduced their stakes in the company. Bailard Inc. lifted its stake in Ideal Power by 16.5% in the third quarter. Bailard Inc. now owns 22,515 shares of the industrial products company’s stock valued at $218,000 after acquiring an additional 3,181 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Ideal Power by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 235,870 shares of the industrial products company’s stock valued at $2,441,000 after acquiring an additional 6,716 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Ideal Power by 10.8% in the 3rd quarter. Baird Financial Group Inc. now owns 216,560 shares of the industrial products company’s stock worth $2,241,000 after purchasing an additional 21,127 shares during the last quarter. BlackRock Inc. lifted its holdings in Ideal Power by 1.3% in the 2nd quarter. BlackRock Inc. now owns 102,254 shares of the industrial products company’s stock worth $1,207,000 after purchasing an additional 1,278 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of Ideal Power by 2.3% in the second quarter. UBS Group AG now owns 51,459 shares of the industrial products company’s stock worth $630,000 after buying an additional 1,162 shares during the last quarter. Institutional investors and hedge funds own 16.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark decreased their price target on shares of Ideal Power from $18.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, March 27th.

Check Out Our Latest Report on IPWR

Ideal Power Company Profile

(Get Free Report)

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. The company offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. It serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.

Further Reading

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