Short Interest in Ideal Power Inc. (NASDAQ:IPWR) Increases By 16.1%

Ideal Power Inc. (NASDAQ:IPWR) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 31,000 shares, a growth of 16.1% from the January 15th total of 26,700 shares. Based on an average trading volume of 34,900 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the company’s stock are short sold.

Insider Transactions at Ideal Power

In other news, CEO Daniel Brdar bought 4,500 shares of Ideal Power stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost of $5.91 per share, with a total value of $26,595.00. Following the acquisition, the chief executive officer now owns 179,526 shares of the company’s stock, valued at approximately $1,060,998.66. This trade represents a 2.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.02% of the company’s stock.

Hedge Funds Weigh In On Ideal Power

A number of hedge funds have recently modified their holdings of the business. AIGH Capital Management LLC grew its stake in shares of Ideal Power by 17.6% in the 4th quarter. AIGH Capital Management LLC now owns 823,315 shares of the industrial products company’s stock valued at $6,216,000 after purchasing an additional 123,315 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Ideal Power by 17.8% during the fourth quarter. Baird Financial Group Inc. now owns 278,342 shares of the industrial products company’s stock worth $2,101,000 after purchasing an additional 42,032 shares during the period. Geode Capital Management LLC grew its position in Ideal Power by 13.2% in the 3rd quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company’s stock valued at $639,000 after buying an additional 9,075 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Ideal Power by 34.4% in the 4th quarter. Northern Trust Corp now owns 13,461 shares of the industrial products company’s stock valued at $102,000 after buying an additional 3,443 shares during the period. 16.37% of the stock is currently owned by hedge funds and other institutional investors.

Ideal Power Stock Down 2.1 %

IPWR traded down $0.14 during trading on Monday, hitting $6.68. 25,284 shares of the stock were exchanged, compared to its average volume of 20,507. Ideal Power has a 1-year low of $5.61 and a 1-year high of $13.98. The stock has a fifty day moving average price of $7.17 and a two-hundred day moving average price of $7.38. The firm has a market capitalization of $54.44 million, a P/E ratio of -4.77 and a beta of 1.01.

About Ideal Power

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.