iPower Inc. (NASDAQ:IPW) Short Interest Update

iPower Inc. (NASDAQ:IPW – Get Free Report) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 158,930 shares, a decline of 48.6% from the April 15th total of 309,112 shares. Currently, 16.2% of the company’s stock are short sold. Based on an average daily volume of 1,263,021 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Several research firms have issued reports on IPW. Wall Street Zen downgraded shares of iPower from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 28th. Weiss Ratings restated a “sell (e+)” rating on shares of iPower in a research note on Friday, April 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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iPower Price Performance

Shares of IPW opened at $0.83 on Monday. iPower has a fifty-two week low of $0.76 and a fifty-two week high of $34.65. The company has a market capitalization of $1.10 million, a price-to-earnings ratio of -0.18 and a beta of 3.03. The firm has a 50-day simple moving average of $1.32 and a 200-day simple moving average of $5.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 1.83.

iPower (NASDAQ:IPW – Get Free Report) last announced its earnings results on Friday, February 20th. The company reported ($1.08) earnings per share for the quarter. iPower had a negative return on equity of 26.09% and a negative net margin of 10.35%.The business had revenue of $7.13 million for the quarter.

About iPower

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iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products. It also provides general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.

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