Ideal Power Inc. (NASDAQ:IPWR) Sees Significant Decrease in Short Interest

Ideal Power Inc. (NASDAQ:IPWR) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 35,743 shares, a decrease of 34.6% from the November 30th total of 54,650 shares. Based on an average trading volume of 92,027 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 92,027 shares, the days-to-cover ratio is presently 0.4 days.

Ideal Power Stock Performance

NASDAQ IPWR opened at $3.24 on Friday. The stock has a market cap of $27.58 million, a PE ratio of -2.61 and a beta of 0.69. The firm has a 50-day moving average of $4.26 and a 200-day moving average of $4.77. Ideal Power has a 52-week low of $2.92 and a 52-week high of $8.62.

Ideal Power (NASDAQ:IPWR) last announced its quarterly earnings results on Thursday, November 13th. The industrial products company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). The company had revenue of $0.02 million during the quarter, compared to analyst estimates of $0.02 million. Ideal Power had a negative net margin of 26,225.58% and a negative return on equity of 80.27%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IPWR. Weiss Ratings restated a “sell (d-)” rating on shares of Ideal Power in a research note on Monday, December 22nd. Westpark Capital raised Ideal Power from a “hold” rating to a “buy” rating and set a $10.75 price target on the stock in a research report on Tuesday, November 11th. Finally, Wall Street Zen lowered Ideal Power to a “strong sell” rating in a research note on Saturday, October 11th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.75.

Hedge Funds Weigh In On Ideal Power

A number of large investors have recently made changes to their positions in the company. Susquehanna International Group LLP bought a new stake in Ideal Power in the 3rd quarter valued at $132,000. Citadel Advisors LLC bought a new position in Ideal Power during the 3rd quarter worth $160,000. Vanguard Group Inc. lifted its holdings in shares of Ideal Power by 4.9% during the third quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock worth $1,806,000 after buying an additional 16,883 shares in the last quarter. AMH Equity Ltd acquired a new stake in shares of Ideal Power during the third quarter worth $785,000. Finally, Jane Street Group LLC bought a new stake in shares of Ideal Power in the second quarter valued at about $54,000. Institutional investors own 16.37% of the company’s stock.

About Ideal Power

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.