Ideal Power Inc. (NASDAQ:IPWR) Short Interest Update

Ideal Power Inc. (NASDAQ:IPWR) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 38,600 shares, an increase of 11.2% from the September 30th total of 34,700 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 16,800 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Trading of Ideal Power

Several large investors have recently made changes to their positions in the business. Bailard Inc. lifted its stake in Ideal Power by 13.8% in the second quarter. Bailard Inc. now owns 25,615 shares of the industrial products company’s stock valued at $181,000 after buying an additional 3,100 shares during the period. Virtu Financial LLC acquired a new stake in Ideal Power in the 1st quarter valued at approximately $90,000. Finally, Vanguard Group Inc. increased its position in shares of Ideal Power by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 268,926 shares of the industrial products company’s stock worth $2,393,000 after purchasing an additional 5,004 shares during the last quarter. Institutional investors own 16.37% of the company’s stock.

Ideal Power Stock Performance

NASDAQ:IPWR remained flat at $7.20 on Thursday. The company’s stock had a trading volume of 18,853 shares, compared to its average volume of 25,104. Ideal Power has a 52 week low of $6.52 and a 52 week high of $13.98. The firm’s 50-day simple moving average is $7.72 and its 200-day simple moving average is $7.57. The firm has a market capitalization of $55.40 million, a P/E ratio of -4.53 and a beta of 1.07.

Ideal Power (NASDAQ:IPWR) last issued its quarterly earnings results on Wednesday, August 14th. The industrial products company reported ($0.31) EPS for the quarter. Ideal Power had a negative return on equity of 62.80% and a negative net margin of 7,138.19%.

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.