Polar Power, Inc. (NASDAQ:POLA) Short Interest Up 20.6% in April


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Polar Power, Inc. (NASDAQ:POLA) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,090,000 shares, a growth of 20.6% from the March 31st total of 904,000 shares. Based on an average trading volume of 1,370,000 shares, the short-interest ratio is currently 0.8 days. Currently, 15.5% of the company’s stock are sold short.

Shares of POLA stock traded down $0.53 during trading hours on Tuesday, reaching $10.35. 6,928 shares of the company’s stock were exchanged, compared to its average volume of 1,979,130. Polar Power has a 1 year low of $1.15 and a 1 year high of $30.82. The company has a debt-to-equity ratio of 0.15, a current ratio of 5.55 and a quick ratio of 1.89. The stock’s fifty day moving average price is $11.77 and its two-hundred day moving average price is $9.71.

Several institutional investors have recently added to or reduced their stakes in POLA. Virtu Financial LLC acquired a new stake in shares of Polar Power during the third quarter worth about $155,000. Renaissance Technologies LLC acquired a new stake in shares of Polar Power during the fourth quarter worth about $73,000. Baird Financial Group Inc. lifted its holdings in shares of Polar Power by 31.7% during the fourth quarter. Baird Financial Group Inc. now owns 41,500 shares of the utilities provider’s stock worth $198,000 after purchasing an additional 10,000 shares during the period. Credit Suisse AG acquired a new stake in shares of Polar Power during the fourth quarter worth about $172,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Polar Power during the fourth quarter worth about $66,000. 12.01% of the stock is owned by hedge funds and other institutional investors.

About Polar Power

Polar Power, Inc designs, manufactures, and sells direct current (DC), power generators, renewable energy, and cooling systems in the United States and internationally. It offers DC base power systems, DC hybrid power systems, and DC solar hybrid power systems. The company serves telecommunications, military, electric vehicle charging, cogeneration, distributed power, and uninterruptable power supply markets It sells its products through direct sales force, and a network of independent service providers and dealers.

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