Ideal Power Inc. (NASDAQ:IPWR) Short Interest Up 10.1% in December

Ideal Power Inc. (NASDAQ:IPWR) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 32,800 shares, a growth of 10.1% from the December 15th total of 29,800 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 33,200 shares, the short-interest ratio is currently 1.0 days.

Insider Buying and Selling at Ideal Power

In other news, CEO Daniel Brdar acquired 4,500 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was bought at an average price of $5.91 per share, with a total value of $26,595.00. Following the completion of the acquisition, the chief executive officer now owns 179,526 shares of the company’s stock, valued at approximately $1,060,998.66. This represents a 2.57 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.02% of the stock is owned by corporate insiders.

Institutional Trading of Ideal Power

An institutional investor recently raised its position in Ideal Power stock. Geode Capital Management LLC lifted its stake in shares of Ideal Power Inc. (NASDAQ:IPWR) by 13.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,877 shares of the industrial products company’s stock after purchasing an additional 9,075 shares during the period. Geode Capital Management LLC owned about 1.01% of Ideal Power worth $639,000 as of its most recent filing with the Securities & Exchange Commission. 16.37% of the stock is currently owned by institutional investors.

Ideal Power Stock Down 4.0 %

IPWR traded down $0.31 on Friday, reaching $7.51. The stock had a trading volume of 30,134 shares, compared to its average volume of 39,094. Ideal Power has a 12-month low of $5.61 and a 12-month high of $13.98. The business’s 50-day moving average price is $6.96 and its two-hundred day moving average price is $7.43.

Ideal Power Company Profile

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company 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.