Short Interest in Ideal Power Inc. (NASDAQ:IPWR) Expands By 11.2%

Ideal Power Inc. (NASDAQ:IPWR) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 38,600 shares, an increase of 11.2% from the September 30th total of 34,700 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 16,800 shares, the days-to-cover ratio is currently 2.3 days.

Ideal Power Price Performance

NASDAQ IPWR remained flat at $7.20 during mid-day trading on Thursday. 18,853 shares of the company traded hands, compared to its average volume of 25,104. The stock has a market cap of $55.40 million, a price-to-earnings ratio of -4.53 and a beta of 1.07. Ideal Power has a 52-week low of $6.52 and a 52-week high of $13.98. The company has a 50-day moving average price of $7.72 and a two-hundred day moving average price of $7.57.

Ideal Power (NASDAQ:IPWR) last issued its earnings results on Wednesday, August 14th. The industrial products company reported ($0.31) EPS for the quarter. Ideal Power had a negative net margin of 7,138.19% and a negative return on equity of 62.80%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IPWR. Virtu Financial LLC acquired a new stake in Ideal Power in the first quarter valued at approximately $90,000. Bailard Inc. lifted its holdings in Ideal Power by 13.8% in the 2nd quarter. Bailard Inc. now owns 25,615 shares of the industrial products company’s stock worth $181,000 after buying an additional 3,100 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Ideal Power by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 268,926 shares of the industrial products company’s stock valued at $2,393,000 after buying an additional 5,004 shares during the last quarter. Institutional investors and hedge funds own 16.37% of the company’s stock.

Ideal Power Company Profile

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.