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

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

Insider Buying and Selling

In other Ideal Power news, CEO Daniel Brdar purchased 4,500 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of $5.91 per share, for a total transaction of $26,595.00. Following the completion of the purchase, the chief executive officer now directly owns 179,526 shares in the company, valued at approximately $1,060,998.66. The trade was a 2.57 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ideal Power stock. Geode Capital Management LLC grew its stake in shares of Ideal Power Inc. (NASDAQ:IPWR) by 13.2% during the third quarter, according to the company in its most recent disclosure with the Securities and 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 quarter. Geode Capital Management LLC owned approximately 1.01% of Ideal Power worth $639,000 as of its most recent filing with the Securities and Exchange Commission. 16.37% of the stock is owned by institutional investors.

Ideal Power Stock Down 4.0 %

NASDAQ IPWR traded down $0.31 during trading hours on Friday, hitting $7.51. 30,134 shares of the company were exchanged, compared to its average volume of 39,094. The firm has a market cap of $61.21 million, a price-to-earnings ratio of -5.36 and a beta of 1.03. The company has a 50 day moving average of $6.96 and a two-hundred day moving average of $7.43. Ideal Power has a 52-week low of $5.61 and a 52-week high of $13.98.

About Ideal Power

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.