Ideal Power Inc. (NASDAQ:IPWR) Short Interest Down 81.4% in February

Ideal Power Inc. (NASDAQ:IPWR) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 21,450 shares, a drop of 81.4% from the January 29th total of 115,586 shares. Based on an average daily volume of 105,156 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 105,156 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IPWR. Westpark Capital upgraded Ideal Power from a “hold” rating to a “buy” rating and set a $10.75 price objective for the company in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ideal Power in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $10.75.

Ideal Power Trading Up 8.4%

Shares of NASDAQ:IPWR traded up $0.25 on Wednesday, reaching $3.23. 54,877 shares of the company traded hands, compared to its average volume of 105,007. The stock has a market capitalization of $27.71 million, a P/E ratio of -2.60 and a beta of 0.97. The business’s 50-day simple moving average is $3.60 and its 200 day simple moving average is $4.39. Ideal Power has a 52 week low of $2.62 and a 52 week high of $6.90.

Hedge Funds Weigh In On Ideal Power

Several institutional investors and hedge funds have recently bought and sold shares of IPWR. Jane Street Group LLC purchased a new position in Ideal Power in the 2nd quarter worth approximately $54,000. Vanguard Group Inc. grew its holdings in shares of Ideal Power by 4.9% in the third quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock worth $1,806,000 after purchasing an additional 16,883 shares during the last quarter. AlphaCore Capital LLC bought a new position in shares of Ideal Power in the fourth quarter worth approximately $57,000. Susquehanna International Group LLP purchased a new position in shares of Ideal Power in the third quarter worth $132,000. Finally, Citadel Advisors LLC bought a new stake in Ideal Power during the 3rd quarter valued at $160,000. 16.37% of the stock is currently owned by institutional investors.

Ideal Power Company Profile

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.