Polar Power, Inc. (NASDAQ:POLA) Short Interest Down 43.1% in March

Polar Power, Inc. (NASDAQ:POLA) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 447,867 shares, a decline of 43.1% from the March 15th total of 787,352 shares. Based on an average trading volume of 3,005,888 shares, the days-to-cover ratio is presently 0.1 days. Approximately 24.3% of the shares of the company are short sold.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Polar Power in a report on Wednesday, December 24th. Wall Street Zen raised Polar Power to a “sell” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Polar Power presently has a consensus rating of “Sell”.

Polar Power Stock Down 2.7%

Shares of POLA stock traded down $0.05 on Wednesday, hitting $1.78. The company had a trading volume of 150,184 shares, compared to its average volume of 2,296,187. The firm has a market cap of $4.73 million, a P/E ratio of -0.79 and a beta of 1.17. The company has a 50-day moving average price of $1.65 and a 200-day moving average price of $2.35. Polar Power has a twelve month low of $1.31 and a twelve month high of $5.75.

Polar Power (NASDAQ:POLA) last issued its quarterly earnings data on Wednesday, April 15th. The utilities provider reported ($1.35) earnings per share (EPS) for the quarter. The company had revenue of $0.60 million during the quarter. Polar Power had a negative net margin of 104.14% and a negative return on equity of 135.21%.

About Polar Power

Polar Power, Inc (NASDAQ: POLA) is a California-based designer and manufacturer of direct current (DC) power generation and distribution systems. The company’s primary offerings include solar hybrid power systems, DC gensets and DC power modules engineered to provide reliable, off-grid or grid-tied power solutions. These products are tailored to applications in telecommunications, military, oil and gas, and other industries requiring continuous, low-cost energy delivery in remote or critical-power environments.

Polar Power’s solar hybrid systems combine solar photovoltaic arrays with DC generators and battery storage to create integrated, turnkey power plants.