Polar Power, Inc. (NASDAQ:POLA) Short Interest Up 95.6% in April

Polar Power, Inc. (NASDAQ:POLA – Get Free Report) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 248,603 shares, an increase of 95.6% from the April 15th total of 127,129 shares. Approximately 9.9% of the company’s stock are sold short. Based on an average daily volume of 523,765 shares, the short-interest ratio is currently 0.5 days.

Analysts Set New Price Targets

POLA has been the topic of several recent analyst reports. Wall Street Zen lowered Polar Power from a “sell” rating to a “strong sell” rating in a report on Sunday. Weiss Ratings downgraded Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Polar Power currently has a consensus rating of “Sell”.

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Polar Power Trading Down 2.4%

Shares of NASDAQ POLA traded down $0.04 during mid-day trading on Friday, reaching $1.63. The company had a trading volume of 163,794 shares, compared to its average volume of 365,269. The firm has a 50 day simple moving average of $1.77 and a two-hundred day simple moving average of $2.01. Polar Power has a 52-week low of $1.31 and a 52-week high of $5.75. The stock has a market cap of $5.93 million, a P/E ratio of -0.45 and a beta of 1.13.

Polar Power (NASDAQ:POLA – Get Free Report) last posted its earnings results on Wednesday, April 15th. The utilities provider reported ($1.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.93). Polar Power had a negative return on equity of 211.39% and a negative net margin of 144.88%.The firm had revenue of $0.60 million for the quarter, compared to analyst estimates of $5.00 million.

About Polar Power

(Get Free Report)

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.

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