Short Interest in Digital Power Co. (DPW) Expands By 25.1%
Digital Power Co. (NYSEAMERICAN:DPW) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 882,056 shares, an increase of 25.1% from the November 15th total of 705,210 shares. Based on an average daily trading volume, of 9,584,594 shares, the short-interest ratio is presently 0.1 days. Currently, 10.4% of the shares of the stock are short sold.
Separately, ValuEngine cut shares of Digital Power from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd.
In related news, Director Milton C. Ault III acquired 75,100 shares of Digital Power stock in a transaction dated Wednesday, October 4th. The shares were purchased at an average price of $0.60 per share, for a total transaction of $45,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Digital Power (NYSEAMERICAN:DPW) traded up $0.52 during trading on Monday, hitting $3.82. 19,643,556 shares of the stock traded hands, compared to its average volume of 1,774,872. Digital Power has a 52-week low of $0.40 and a 52-week high of $5.10.
About Digital Power
Digital Power Corporation (DPC) is engaged in the design, manufacture and sale of power system solutions for applications in the medical, military, telecom and industrial markets. The Company operates through two segments: North America (sales through DPC) and Europe (sales through Digital Power Limited (DPL)).
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