Polar Power, Inc. (NASDAQ:POLA) Short Interest Down 37.3% in August

Polar Power, Inc. (NASDAQ:POLA – Get Free Report) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 264,602 shares, a drop of 37.3% from the July 30th total of 422,346 shares. Based on an average daily trading volume, of 206,719 shares, the days-to-cover ratio is presently 1.3 days. Currently, 9.9% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Polar Power from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings cut Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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Polar Power Stock Performance

Shares of POLA opened at $1.42 on Monday. The stock has a 50-day moving average price of $1.65 and a 200 day moving average price of $1.72. The company has a market capitalization of $5.98 million, a P/E ratio of -0.40 and a beta of 1.21. Polar Power has a one year low of $1.31 and a one year high of $5.75.

Polar Power (NASDAQ:POLA – Get Free Report) last posted its quarterly earnings results on Tuesday, August 18th. The utilities provider reported ($0.49) EPS for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.14. Polar Power had a negative return on equity of 610.87% and a negative net margin of 207.92%.The business had revenue of $1.02 million during the quarter, compared to the consensus estimate of $3.80 million.

About Polar Power

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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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